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

SHFE Lead to Weaken Further (2016-5-16)

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.&nbsp;LME aluminum will remain weak at USD 1,530-1,550/mt.&nbsp; 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.&nbsp; <a href="http://www.metal.com/newscontent/91751_key-macroeconomic-indicators-for-base-metal-prices-2016-5-16" target="_self">Key Macroeconomic Indicators for Base Metal Prices (2016-5-16)</a> &nbsp;&nbsp;