SHANGHAI, Mar. 15 (SMM) –SHFE 1605 aluminum has met resistance at the 5-day and 10-day moving averages, and should move at lows of RMB 11,280-11,380/mt on Tuesday.
LME aluminum is expected to move at USD 1,535-1,570/mt, testing support at the 40-day moving average.
In China’s spot aluminum market, spot premiums of RMB 0-40/mt are expected over SHFE front-month aluminum contract.
Key Macroeconomic Indicators for Base Metal Prices (2016-3-15)