LME Aluminum to See Range-Bound Trading (2016-5-20)

Published: May 20, 2016 09:28

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LME aluminum will struggle around the 5-day moving average and trade in a tight range of USD 1,535-1,555/mt on Friday.

SHANGHAI, May 20 (SMM) –LME aluminum will struggle around the 5-day moving average and trade in a tight range of USD 1,535-1,555/mt on Friday.

SHFE 1607 aluminum will challenge resistance at the 20-day moving average and move at RMB 12,300-12,450/mt on long buying.

In China’s spot aluminum market, spot premiums of RMB 10-50/mt are expected over SHFE 1606 aluminum contract.

Key Macroeconomic Indicators for Base Metal Prices (2016-5-20)

SHFE aluminum prices aluminum prices Al price base metal price forecast

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