LME Aluminum to Challenge Resistance (2016-4-19)

Published: Apr 19, 2016 09:08

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LME aluminum has climbed above the 5-day moving average on long buying and will challenge USD 1,570/mt on Tuesday, moving in a range of USD 1,550-1,570/mt.

SHANGHAI, Apr. 19 (SMM) – LME aluminum has climbed above the 5-day moving average on long buying and will challenge USD 1,570/mt on Tuesday, moving in a range of USD 1,550-1,570/mt.

SHFE 1606 aluminum will struggle around RMB 12,000/mt and move between RMB 11,950-12,050/mt.

In China’s spot aluminum market, spot discounts of RMB 0-30/mt and spot premiums of RMB 0-10/mt are expected over SHFE 1605 aluminum contract.

Key Macroeconomic Indicators for Base Metal Prices (2016-4-19)

SHFE aluminum prices aluminum prices Al price base metal price forecast

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