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Home / Metal News / SHFE Aluminum to Remain Stuck between Moving Averages (2016-1-6)

SHFE Aluminum to Remain Stuck between Moving Averages (2016-1-6)

iconJan 6, 2016 09:37
SHFE 1603 aluminum was stuck between the 5-day and 20-day moving average during Tuesday’s night session, and should move between RMB 10,565-10,785/mt on Wednesday.

SHANGHAI, Jan. 6 (SMM) –SHFE 1603 aluminum was stuck between the 5-day and 20-day moving average during Tuesday’s night session, and should move between RMB 10,565-10,785/mt on Wednesday.

LME aluminum is expected to move at USD 1,459-1,494/mt. 

See forecast for other base metals, please click: Shanghai to See Bigger Price Divergences, SMM Says

In China’s spot market, spot discounts of RMB 150-110/mt are expected over SHFE 1601 contract. 

Key Macroeconomic Indicators for Base Metal Prices (2016-1-6)





SHFE aluminum prices
aluminum prices
Al price
base metal price forecast
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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