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

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

Price Review & Forecast 09:51:57AM Nov 28, 2016 Source:SMM

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.

Price

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Aluminum Ingot
Apr.22
14130.0
80.0
(0.57%)
Alumina (Averaged)
Apr.22
2675.0
10.0
(0.38%)
Alumina-East
Apr.22
2690.0
10.0
(0.37%)
Alumina -Central
Apr.22
2680.0
10.0
(0.37%)
Alumina - North
Apr.22
2670.0
10.0
(0.38%)

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

Price Review & Forecast 09:51:57AM Nov 28, 2016 Source:SMM

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.