LME Aluminum to Outperform SHFE Aluminum (2016-5-25)

Published: May 25, 2016 09:19

Save

LME aluminum will move at highs of USD 1,550-1,570/mt on Wednesday, with support at the 5-day and 10-day moving averages.

SHANGHAI, May 25 (SMM) – LME aluminum will move at highs of USD 1,550-1,570/mt on Wednesday, with support at the 5-day and 10-day moving averages.

SHFE 1607 aluminum will test support at the 40-day moving average and will move at RMB 12,170-12,330/mt due to a lack of market confidence.

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 (2016-5-25)

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 communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn