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SHFE Aluminum to Move Higher (2016-5-30)
SHANGHAI, May 30 (SMM) –SHFE 1607 aluminum will rise to RMB 12,200-12,350/mt on Monday, with support at the 5-day and 40-day moving averages.
LME is closed today for Bank Holiday.
In China’s spot aluminum market, spot premiums of RMB 140-180/mt are expected over SHFE 1606 aluminum contract.
Key Macroeconomic Indicators for Base Metal Prices (2016-5-30)
SHFE Aluminum to Move Higher (2016-5-30)
SHANGHAI, May 30 (SMM) –SHFE 1607 aluminum will rise to RMB 12,200-12,350/mt on Monday, with support at the 5-day and 40-day moving averages.
LME is closed today for Bank Holiday.
In China’s spot aluminum market, spot premiums of RMB 140-180/mt are expected over SHFE 1606 aluminum contract.
Key Macroeconomic Indicators for Base Metal Prices (2016-5-30)
