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Home / Metal News / LME Aluminum to Face Technical Correction (2016-4-6)

LME Aluminum to Face Technical Correction (2016-4-6)

Apr 6, 2016 09:23

Source:SMM

LME aluminum will face technical correction and move at USD 1,520-1,535/mt on Wednesday.

SHANGHAI, Apr. 6 (SMM) –LME aluminum will face technical correction and move at USD 1,520-1,535/mt on Wednesday.

SHFE 1606 aluminum will move at RMB 11,810-11,940/mt, with support at the 5-day moving average.

In China’s spot aluminum market, spot discounts of RMB 0-10/mt and spot premiums of RMB 0-30/mt are expected over SHFE 1604 aluminum contract.

Key Macroeconomic Indicators for Base Metal Prices (2016-4-6)

SHFE aluminum prices

aluminum prices

Al price

base metal price forecast

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