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

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

Price Review & Forecast 09:43:57AM Oct 12, 2016 Source:SMM

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. 
 



 

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

Price Review & Forecast 09:43:57AM Oct 12, 2016 Source:SMM

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.