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Home / Metal News / LME Aluminum to Move in a Tight Range (2016-11-28)

LME Aluminum to Move in a Tight Range (2016-11-28)

iconNov 28, 2016 09:51
LME aluminum will move between USD 1,750-1,780/mt on Monday and SHFE 1701 aluminum is predicted to range at RMB 13,700-13,900/mt.

SHANGHAI, Nov. 28 (SMM) – Positions of LME aluminum increased sharply and found a support at lows. The contract will move between USD 1,750-1,780/mt on Monday and SHFE 1701 aluminum is predicted to range at RMB 13,700-13,900/mt.

In China’s domestic market, spot aluminum should trade at premiums of RMB 280-320/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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