SHANGHAI, Sept. 20 (SMM) –LME aluminum rose yesterday with positions down sharply, indicating strong risk aversion. Technical side is positive for LME aluminum. LME aluminum will range USD 2,110-2,140/mt today. SHFE 1711 aluminum will trade in a wide range of RMB 16,450-16,700/mt today.
In east China’s spot aluminum market, spot discounts are expected at RMB 210-170/mt over SHFE 1710 aluminum contract.