17 JUNE 2016Shanghai Metals Market
SHFE aluminium to see range-bound trading as caution prevails
Edited by : AL CIRCLE
1 min read
SHFE 1608 aluminium will trade in a tight range of RMB 11,850-12,000/mt today on strong market caution.
The US dollar will gain favor before referendum on UK exit from the EU. LME aluminium will face downward pressure and move at USD 1,600-1,625/mt.
In China’s spot aluminium market, spot premiums of RMB 70-110/mt are expected over SHFE 1607 aluminium contract.
The US dollar will gain favor before referendum on UK exit from the EU. LME aluminium will face downward pressure and move at USD 1,600-1,625/mt.
In China’s spot aluminium market, spot premiums of RMB 70-110/mt are expected over SHFE 1607 aluminium contract.
Unlock full access – sign up for FREE.
Key benefits
Find exclusive data-driven insights and in-depth analysis
Get our daily newsletter delivered straight to your inbox
Access real-time and historical price trends from global indices
Post and respond to latest business leads
Stay ahead with alerts on learning tools
...and so much more!SIGN UP / LOGIN
Previous article
Aluminium delivery premiums treading a more familiar path
Next articleBase metals to fall after rising this week, SMM says
Grow with
AL Circle
