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

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

iconFeb 26, 2016 09:38
Source:SMM
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 prices
aluminum prices
Al price
base metal price forecast

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

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