SMM: Why SHFE Aluminium Goes Weak Today?

Published: Nov 1, 2017 16:40

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Concerning today’s weak tendency, Luo Qiaoling, SMM aluminium analyst says SHFE Aluminium rises and opens the space for short selling driven by nickel in morning session.

SHANGHAI, Nov.1 (SMM)－Concerning today’s weak tendency, Luo Qiaoling, SMM aluminium analyst says SHFE Aluminium rises and opens the space for short selling driven by nickel in morning session, which is beyond anticipation of production reduction of Lvliang City. This is a good news for Alumina and leads to possible declining cost of aluminium.

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Aluminium

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