06 JUNE 2016www.metal.com
Spot Premiums to narrow in China aluminum market
Edited by : AL CIRCLE
1 min read
In China’s spot aluminum market, spot premiums will narrow to RMB 0-40/mt over SHFE 1606 aluminum contract today.
US May non-farm payrolls grew at its lowest in nearly six years, dampening chance for rate hike in June. LME aluminum will move at USD 1,540-1,570/mt today.
SHFE 1607 aluminum unexpectedly fell below the 60-day moving average and remain weak at RMB 11,800-11,980/mt today.
US May non-farm payrolls grew at its lowest in nearly six years, dampening chance for rate hike in June. LME aluminum will move at USD 1,540-1,570/mt today.
SHFE 1607 aluminum unexpectedly fell below the 60-day moving average and remain weak at RMB 11,800-11,980/mt today.
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