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Home / Metal News / LME Aluminum to Strengthen (2016-11-21)

LME Aluminum to Strengthen (2016-11-21)

iconNov 21, 2016 09:36
LME aluminum will range between USD 1,680-1,705/mt on Monday and SHFE 1701 aluminum will move at RMB 13,450-13,650/mt.

SHANGHAI, Nov. 21 (SMM) – LME aluminum struggled at the 40-day moving average last week and will range between USD 1,680-1,705/mt on Monday with support. SHFE 1701 aluminum stabilized above the 20-day moving average and will move at RMB 13,450-13,650/mt on Monday.

In China’s domestic market, spot aluminum should trade at premiums of RMB 320-360/mt on Monday.

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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