LME Aluminum to Lose Upward Momentum (2016-10-12)

Published: Oct 12, 2016 09:43

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LME aluminum was dragged down fall crude oil prices, and will struggle around USD 1,675-1,695/mt today.

SHANGHAI, Oct. 12 (SMM) –LME aluminum was dragged down fall crude oil prices, and will struggle around USD 1,675-1,695/mt today.

SHFE 1611 aluminum will meet strong resistance and move between RMB 12,600-12,725/mt today.
In east China spot market, spot premiums of RMB 120-160/mt are expected over SHFE 1610 aluminum contract.

SHFE aluminum prices aluminum prices Al price base metal price forecast

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