SHFE Aluminium May Be Vulnerable to Drop below 18,000 yuan/mt

Th05 26, 2023, at 10:28 am
SMM

SHANGHAI, May 26 (SMM) - The most-traded SHFE 2307 aluminium contract opened at 17,750 yuan/mt overnight, with its low and high at 17,575 yuan/mt and 17,920 yuan/mt before closing at 17,765 yuan/mt, up 115 yuan/mt or 0.65%.

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SHFE Aluminium May Be Vulnerable to Drop below 18,000 yuan/mt

SMM Morning Comments (May 26): Base Metals Closed Mostly with Gains but Zinc Plunges to over 2-Year Low, Economic Data Shows US Economy Still Resilient

Concerns Over US Debt Ceiling Issue And Growing Inventories Weigh Down LME Zinc Prices