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Home / Metal News / SHFE Aluminum to Lack Rising Momentum (2016-5-16)

SHFE Aluminum to Lack Rising Momentum (2016-5-16)

iconMay 16, 2016 09:39
SHFE 1607 aluminum will struggle around the 5-day moving average and move at RMB 12,050-12,200/mt on Monday.

SHANGHAI, May 16 (SMM) –SHFE 1607 aluminum will struggle around the 5-day moving average and move at RMB 12,050-12,200/mt on Monday. 

LME aluminum will remain weak at USD 1,530-1,550/mt. 

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

Key Macroeconomic Indicators for Base Metal Prices (2016-5-16)   




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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