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Home / Metal News / LME Aluminum to See Range-Bound Trading (2016-5-23)

LME Aluminum to See Range-Bound Trading (2016-5-23)

iconMay 23, 2016 09:45
LME aluminum will struggle around the 5-day and 10-day moving averages and trade in a tight range of USD 1,540-1,560/mt on Monday.

SHANGHAI, May 23 (SMM) –LME aluminum will struggle around the 5-day and 10-day moving averages and trade in a tight range of USD 1,540-1,560/mt on Monday.  

SHFE 1607 aluminum will find support at the 5-day and 20-day moving averages and move at RMB 12,350-12,550/mt. 

In China’s spot aluminum market, spot premiums of RMB 0-40/mt are expected over SHFE 1606 aluminum contract. 

Key Macroeconomic Indicators for Base Metal Prices (2016-5-23)




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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