Low Inventory To Curb Downside Room Of Aluminium Prices

Published: May 22, 2023 11:31

Source: SMM

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SHANGHAI, May 22 (SMM) - The US macro front is full of uncertainties.

SHANGHAI, May 22 (SMM) - The US macro front is full of uncertainties. Low inventory in China and overseas will underpin short-term aluminium prices. In the medium and long run, expected supply shock and softening consumption, together with weakening cost support, will expose aluminium prices to downside risks. The most-traded SHFE aluminium contract and LME aluminium are likely to move between 17,700-18,700 yuan/mt and $2,000-2,380/mt respectively this week.

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