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