Will LME Aluminum Extend Gains Next Week?-Shanghai Metals Market

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Will LME Aluminum Extend Gains Next Week?

SMM Insight 04:19:40PM Sep 11, 2015 Source:SMM

SHANGHAI, Sept. 11 (SMM) – LME aluminum hit 6-week high of $1,655.5 per tonne this past week. Is there room for more gains next week?

Risk aversion before the US Fed’s policy decision will keep LME aluminum in check around $ 1,620 per tonne, SMM says. 

SHFE 1511 aluminum will meet resistance at 12,120 yuan per tonne while finding support at the 5-day moving average. 

With delivery date of SHFE 1509 aluminum nearing, spot discounts should narrow at first before widening later in the week. 

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.



A00 Aluminum Ingot 7 Day Chart

Will LME Aluminum Extend Gains Next Week?

SMM Insight 04:19:40PM Sep 11, 2015 Source:SMM

SHANGHAI, Sept. 11 (SMM) – LME aluminum hit 6-week high of $1,655.5 per tonne this past week. Is there room for more gains next week?

Risk aversion before the US Fed’s policy decision will keep LME aluminum in check around $ 1,620 per tonne, SMM says. 

SHFE 1511 aluminum will meet resistance at 12,120 yuan per tonne while finding support at the 5-day moving average. 

With delivery date of SHFE 1509 aluminum nearing, spot discounts should narrow at first before widening later in the week. 

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.



A00 Aluminum Ingot 7 Day Chart