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Home / Metal News / SHFE Aluminum to Face Technical Correction (2016-4-8)

SHFE Aluminum to Face Technical Correction (2016-4-8)

iconApr 8, 2016 09:21
Source:SMM
SHFE 1606 aluminum will face technical correction after falling below the 10-day moving average, and should move at RMB 11,600-11,750/mt on Friday.

SHANGHAI, Apr. 8 (SMM) –SHFE 1606 aluminum will face technical correction after falling below the 10-day moving average, and should move at RMB 11,600-11,750/mt on Friday.  

LME aluminum will trade in a range of USD 1,490-1,510/mt, 

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 (2016-4-8)




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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