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LME Aluminum to Move in a Tight Range (2017-2-22)

iconFeb 22, 2017 09:39
Source:SMM
LME aluminum will trade at USD 1,875-1,900/mt on Wednesday and SHFE 1704 aluminum is expected to move between RMB 14,150-14,350/mt.

SHANGHAI, Feb. 22 (SMM) – LME aluminum will fluctuate between the 5 and 10-day moving averages on Wednesday and trade at USD 1,875-1,900/mt on Wednesday. SHFE 1704 aluminum is expected to move between RMB 14,150-14,350/mt on Wednesday.

In China’s domestic market, spot aluminum should trade at discounts of RMB 280-240/mt on Wednesday.

SHFE aluminum
LME aluminum
aluminum prices

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