LME Aluminum to Strengthen (2016-11-8)

Published: Nov 8, 2016 09:38

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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 communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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