Weekly Forecast: Low Inventories Will Lift Aluminium Prices, But Poor Demand Will Inhibit The Upside Room

SHANGHAI, Jun 6 (SMM) – Although the US has passed debt ceiling bill, fears of economic recession remain. Low inventories will lift aluminium prices, but poor demand will inhibit the upside room. The most-traded SHFE aluminium contract and LME aluminium are expected to move between 17,900-18,800 yuan/mt and $2,170-2,350/mt respectively this week.