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SHFE Aluminum to See Wider Trading Range (2016-4-7)
Apr 7, 2016 09:15Source:SMM
SHFE 1606 aluminum will trade in a wider range of RMB 11,740-11,840/mt on Thursday as game between longs and shorts will become more intense.
SHANGHAI, Apr. 7 (SMM) –SHFE 1606 aluminum will trade in a wider range of RMB 11,740-11,840/mt on Thursday as game between longs and shorts will become more intense.
LME aluminum will move at USD 1,500-1,525/mt, with resistance at the 5-day, 20-day and 60-day moving averages.
In China’s spot aluminum market, spot discounts of RMB 0-20/mt and spot premiums of RMB 0-20/mt are expected over SHFE 1604 aluminum contract.
Key Macroeconomic Indicators for Base Metal Prices (2016-4-7)
SHFE aluminum prices
aluminum prices
Al price
base metal price forecast
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