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Home / Metal News / LME Aluminum to Consolidate (2016-1-26)

LME Aluminum to Consolidate (2016-1-26)

iconJan 26, 2016 09:39
Source:SMM
LME aluminum will consolidate between USD 1,472-1,488/mt on Tuesday, with resistance at the 10-day and 40-day moving averages.

SHANGHAI, Jan. 26 (SMM) –LME aluminum will consolidate between USD 1,472-1,488/mt on Tuesday, with resistance at the 10-day and 40-day moving averages. 

SHFE 1603 aluminum should range RMB 10,675-10,817/mt.  

See forecast for other base metals, please click: Market Caution to Leave Range-Bound Trading, SMM Says

In China’s spot aluminum market, spot premiums of RMB 0-50/mt are expected over SHFE 1602 contract.

Key Macroeconomic Indicators for Base Metal Prices (2016-1-26)





SHFE aluminum prices
aluminum prices
Al price
base metal price forecast

For queries, please contact Michael Jiang at michaeljiang@smm.cn

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