LME Aluminum to Strengthen (2016-11-21)-Shanghai Metals Market

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LME Aluminum to Strengthen (2016-11-21)

Price Review & Forecast 09:36:43AM Nov 21, 2016 Source:SMM

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.

Price

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Aluminum Ingot
Apr.18
14010.0
40.0
(0.29%)
Alumina (Averaged)
Apr.18
2665.0
19.0
(0.72%)
Alumina-East
Apr.18
2680.0
20.0
(0.75%)
Alumina -Central
Apr.18
2670.0
20.0
(0.75%)
Alumina - North
Apr.18
2660.0
20.0
(0.76%)

LME Aluminum to Strengthen (2016-11-21)

Price Review & Forecast 09:36:43AM Nov 21, 2016 Source:SMM

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.