LME Aluminum to Strengthen (2016-11-8)-Shanghai Metals Market

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LME Aluminum to Strengthen (2016-11-8)

Price Review & Forecast 09:38:53AM Nov 08, 2016 Source:SMM

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.

Price

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Aluminum Ingot
Apr.24
14150.0
-50.0
(-0.35%)
Alumina (Averaged)
Apr.24
2705.0
10.0
(0.37%)
Alumina-East
Apr.24
2710.0
10.0
(0.37%)
Alumina -Central
Apr.24
2710.0
10.0
(0.37%)
Alumina - North
Apr.24
2700.0
10.0
(0.37%)

LME Aluminum to Strengthen (2016-11-8)

Price Review & Forecast 09:38:53AM Nov 08, 2016 Source:SMM

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.