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SHFE Aluminum to Lack Rising Impetus (2016-3-15)
Mar 15,2016 09:30CST
price review forecast
Source:SMM
SHFE 1605 aluminum has met resistance at the 5-day and 10-day moving averages, and should move at lows of RMB 11,280-11,380/mt on Tuesday.

SHANGHAI, Mar. 15 (SMM) –SHFE 1605 aluminum has met resistance at the 5-day and 10-day moving averages, and should move at lows of RMB 11,280-11,380/mt on Tuesday.  

LME aluminum is expected to move at USD 1,535-1,570/mt, testing support at the 40-day moving average. 

In China’s spot aluminum market, spot premiums of RMB 0-40/mt are expected over SHFE front-month aluminum contract. 

Key Macroeconomic Indicators for Base Metal Prices (2016-3-15)




SHFE aluminum prices
aluminum prices
Al price
base metal price forecast

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