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LME Aluminum to Meet Strong Resistance (2016-1-18)
Jan 18, 2016 09:53Source:SMM
LME aluminum is expected to meet resistance at the 40-day moving average and move at USD 1,458-1,483/mt on Monday
SHANGHAI, Jan. 18 (SMM) –LME aluminum is expected to meet resistance at the 40-day moving average and move at USD 1,458-1,483/mt on Monday.
SHFE 1603 aluminum should consolidate at RMB 10,580-10,750/mt.
See forecast for other base metals, please click: Price Pattern of Stronger Shanghai Prices to Change, SMM Says
In China’s spot market, spot discounts of RMB 0-10/mt and premiums of RMB 0-30/mt are expected over SHFE 1601 contract.
Key Macroeconomic Indicators for Base Metal Prices (2016-1-18)
SHFE aluminum prices
aluminum prices
Al price
base metal price forecast
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