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LME Aluminum to See Range-Bound Trading on Strong Caution (2016-2-26)

Published: Feb 26, 2016 09:38
Market will eye the G20 summit. LME aluminum should fluctuate at USD 1,550-1,580/mt on Friday.

SHANGHAI, Feb. 26 (SMM) – Market will eye the G20 summit. LME aluminum should fluctuate at USD 1,550-1,580/mt on Friday. 

SHFE 1604 aluminum will test support at the 5-day moving average and move at RMB 11,150-11,320/mt.   

In China’s spot aluminum market, spot discounts of RMB 140-100/mt are expected over SHFE front-month aluminum contract. 

Key Macroeconomic Indicators for Base Metal Prices (2016-2-26)





SHFE aluminum pricesaluminum pricesAl pricebase metal price forecast

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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