LME Aluminum to Swing Widely (2017-10-16)  -Shanghai Metals Market

Hot Keywords

  • Nickel market
  • Market commentary
  • Silicon
  • zinc
  • Copper
  • Aluminium
  • Nickel ore
  • Inventory data
  • Stainless steel
  • Production data
  • Nickel
  • Zinc
  • Sales data
  • Morning comments
  • Silicon metal

LME Aluminum to Swing Widely (2017-10-16)  

Price Review & Forecast 09:49:59AM Oct 16, 2017 Source:SMM

SHANGHAI, Oct. 16 (SMM) – Nonferrous metals will find support from strong ferrous metals and positive Chinese September economic data. LME aluminum will move within USD 2,125-2,155/mt today, while SHFE 1712 aluminum will range RMB 16,450-16,700/mt.  
   
In east China’s spot aluminum market, spot discounts are expected to narrow to RMB 100-60/mt with nearing of delivery of SHFE 1710 aluminum contract.   

 

 


 

LME Aluminum to Swing Widely (2017-10-16)  

Price Review & Forecast 09:49:59AM Oct 16, 2017 Source:SMM

SHANGHAI, Oct. 16 (SMM) – Nonferrous metals will find support from strong ferrous metals and positive Chinese September economic data. LME aluminum will move within USD 2,125-2,155/mt today, while SHFE 1712 aluminum will range RMB 16,450-16,700/mt.  
   
In east China’s spot aluminum market, spot discounts are expected to narrow to RMB 100-60/mt with nearing of delivery of SHFE 1710 aluminum contract.