Upside Room Of SHFE Aluminium Prices To Be Limited Amid Mixed Macro Front And Relatively Bearish Fundamentals

มิ.ย. 19, 2023, at 10:09 am
SMM

SHANGHAI, Jun 19 (SMM) – The most-traded SHFE 2307 aluminium contract opened at 18,650 yuan/mt at last Friday’s session, and closed at 18,665 yuan/mt, with its low of 18,540 yuan/mt, up 35 yuan/mt or 0.19%.

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SMM Morning Comments (Jun 19): Base Metals Showed Mixed Price Trends The European Central Bank Raised Interest Rates By 25 Basis Points As Expected
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Key Influencing Factor For Alumina Prices Has Shifted From Supply Side To Whether Massive Idled Aluminum Capacity In Yunnan Will Be Brought Back On Stream

Upside Room Of SHFE Aluminium Prices To Be Limited Amid Mixed Macro Front And Relatively Bearish Fundamentals

SMM Morning Comments (Jun 19): Base Metals Showed Mixed Price Trends The European Central Bank Raised Interest Rates By 25 Basis Points As Expected

Key Influencing Factor For Alumina Prices Has Shifted From Supply Side To Whether Massive Idled Aluminum Capacity In Yunnan Will Be Brought Back On Stream