SHFE Aluminum to See Greater Volatility (2017-9-20)  -Shanghai Metals Market

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SHFE Aluminum to See Greater Volatility (2017-9-20)  

Price Review & Forecast 09:27:06AM Sep 20, 2017 Source:SMM

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.   

 



 

SHFE Aluminum to See Greater Volatility (2017-9-20)  

Price Review & Forecast 09:27:06AM Sep 20, 2017 Source:SMM

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.