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

Hot Keywords

  • Zinc
  • Nickel
  • MMi Iron Ore Port Index
  • Inventory data
  • Futures movement
  • Aluminium
  • Xiexin new energy
  • Rare earths
  • Evening comments
  • price
  • Stainless steel spot
  • Smog alert
  • Morning comments
  • Copper
  • Sales data

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.