LME Aluminum to Trade in Tight Range (2017-5-2)

Published: May 2, 2017 09:42

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LME aluminum should move between USD 1,908-1,935/mt today, hovering around the 40-day moving average.

SHANGHAI, May 2 (SMM) – LME aluminum should move between USD 1,908-1,935/mt today, hovering around the 40-day moving average. SHFE 1706 aluminum will move at RMB 14,000-14,200/mt, testing support at RMB 14,000/mt.

In east China’s spot aluminum market, spot discounts of RMB 140-100/mt are expected over SHFE 1705 aluminum contract.

Key Macroeconomic Indicators for Base Metal Prices (2017-5-2)

SHFE aluminum prices aluminum prices Al price base metal price forecast

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