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Home / Metal News / LME Aluminum to Meet Strong Resistance (2016-1-18)

LME Aluminum to Meet Strong Resistance (2016-1-18)

iconJan 18, 2016 09:53
Source: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
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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