20 JUNE 2016Shanghai Metals Market
Caution to prevail in SHFE aluminium market
Edited by : AL CIRCLE
1 min read
SHFE 1608 aluminium will continue trading in a tight range of RMB 11,860-11,990/mt today on strong market caution.
The US dollar will gain favor before referendum on UK exit from the EU. Japan’s trade data for May might be worse than expected. LME aluminium will move at USD 1,605-1,625/mt.
In China’s spot aluminium market, spot premiums of RMB 80-120/mt are expected over SHFE 1607 aluminium contract.
The US dollar will gain favor before referendum on UK exit from the EU. Japan’s trade data for May might be worse than expected. LME aluminium will move at USD 1,605-1,625/mt.
In China’s spot aluminium market, spot premiums of RMB 80-120/mt are expected over SHFE 1607 aluminium contract.
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