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Home / Metal News / SHFE Aluminum to Fluctuate at Highs (2016-8-24)

SHFE Aluminum to Fluctuate at Highs (2016-8-24)

iconAug 24, 2016 09:38
SHFE 1610 aluminum will hover at highs of RMB 12,400-12,550/mt as shorts will be cautious about entering.

SHANGHAI, Aug. 24 (SMM) –SHFE 1610 aluminum will hover at highs of RMB 12,400-12,550/mt as shorts will be cautious about entering.  

LME aluminum will move between USD 1,660-1,680/mt, with support at the 10-day moving average.  

In east China’s spot aluminum market, spot premiums of RMB 60-100/mt are expected over SHFE 1609 aluminum contract.

Key Macroeconomic Indicators for Base Metal Prices (2016-8-24)



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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