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LME Aluminum to Strengthen (2016-11-21)
Nov 21, 2016 09:36Source:SMM
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
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