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Home / Metal News / LME Aluminum to Strengthen (2016-11-8)

LME Aluminum to Strengthen (2016-11-8)

iconNov 8, 2016 09:38
Source:SMM
LME aluminum is predicted to move at USD 1,720-1,740/mt on Tuesday and SHFE 1701 aluminum will range between RMB 13,300-13,500/mt.

SHANGHAI, Nov. 8 (SMM) – LME aluminum is predicted to keep fluctuating at around the 5-day moving average on Tuesday and will move at USD 1,720-1,740/mt. SHFE 1701 aluminum will range between RMB 13,300-13,500/mt on Tuesday with mixed factors.

In China’s domestic market, spot aluminum should trade at premiums of RMB 330-370/mt on Tuesday.

SHFE aluminum
LME aluminum
aluminum prices
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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