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Home / Metal News / LME Aluminum to Correct at Lows (2016-5-12)

LME Aluminum to Correct at Lows (2016-5-12)

iconMay 12, 2016 09:17
LME aluminum has found support at the 40-day and 60-day moving averages and will consolidate at USD 1,560-1,580/mt on Thursday.

SHANGHAI, May 12 (SMM) –LME aluminum has found support at the 40-day and 60-day moving averages and will consolidate at USD 1,560-1,580/mt on Thursday. 

SHFE 1607 aluminum will range RMB 12,000-12,200/mt, with support at the 40-day moving average. 

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 1605 aluminum contract.

Key Macroeconomic Indicators for Base Metal Prices (2016-5-12)



SHFE aluminum prices
aluminum prices
Al price
base metal price forecast
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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