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.

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.