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LME Aluminum to See Range-Bound Trading (2016-5-13)
May 13, 2016 09:17Source:SMM
LME aluminum has fallen below all moving averages, and will trade in a narrow range of USD 1,540-1,560/mt on Friday.
SHANGHAI, May 13 (SMM) –LME aluminum has fallen below all moving averages, and will trade in a narrow range of USD 1,540-1,560/mt on Friday.
SHFE 1607 aluminum will range RMB 11,900-12,100/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 1605 aluminum contract.
Key Macroeconomic Indicators for Base Metal Prices (2016-5-13)
SHFE aluminum prices
aluminum prices
Al price
base metal price forecast
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