SHFE Aluminum to Struggle around RMB 14,000/mtAuthor:Site Source:Network Click to rate:1652 Post time:2017-05-16
SHANGHAI, May 16 (SMM) –SHFE 1707 aluminum should struggle around RMB 14,000/mt and range RMB 13,900-14,100/mt since factor that fuels this round of price gains is unsustainable. LME aluminum will range USD 1,890-1,914/mt today.
In east China’s spot aluminum market, spot discounts of RMB 60-20/mt are expected over SHFE 1705 aluminum contract.