LME Aluminum to Hold Firm (2017-9-8)

SHANGHAI, Sep. 8 (SMM) –LME aluminum will hold firm at USD 2,095-2,120/mt on Friday on technical support and weaker dollar. SHFE 1711 aluminum will find support from stronger yuan, but face pressure from growing panic after continuous declines, and should range RMB 16,000-16,290/mt today. 

In east China’s spot aluminum market, spot discounts are expected at RMB 120-80/mt over SHFE 1709 aluminum contract.