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