LME Aluminum to See Range-Bound Trading (2016-5-13)

Price Review & Forecast 09:17:36AM May 13, 2016 Source:SMM

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.

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LME Aluminum to See Range-Bound Trading (2016-5-13)

Price Review & Forecast 09:17:36AM May 13, 2016 Source:SMM

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.