LME Aluminum to Fall Back from Highs (2017-7-28)

Published: Jul 28, 2017 09:42

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LME aluminum will fall back to USD 1,930-1,950/mt today deu to strong resistance at above USD 1,950/mt.

SHANGHAI, Jul. 28 (SMM) –LME aluminum will fall back to USD 1,930-1,950/mt today deu to strong resistance at above USD 1,950/mt. SHFE 1709 aluminum will drop to RMB 14,400-14,530/mt due to poor market fundamentals.

In east China’s spot aluminum market, spot discounts are expected at RMB 180-140/mt over SHFE 1708 aluminum contract.

Key Macroeconomic Indicators for Base Metal Prices (2017-7-28)

SHFE aluminum prices aluminum prices Al price base metal price forecast

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