SHFE Aluminum to Move in a Tight Range (2017-3-10)

Mar 10, 2017 09:54

Source:SMM

LME aluminum will trade at USD 1,860-1,890/mt on Friday and SHFE 1705 aluminum will fluctuate between RMB 13,550-13,850/mt.

SHANGHAI, Mar. 10 (SMM) – LME aluminum will fund support at the 40-day moving average and will trade at USD 1,860-1,890/mt on Friday. SHFE 1705 aluminum declined below the 40-day moving average to the previous lowest level at RMB 13,550/mt. The contract will fluctuate between RMB 13,550-13,850/mt on Friday.

In China’s domestic market, spot aluminum should trade at discounts of RMB 120-80/mt on Friday.

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.

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Privacy Policy Compliance Centre SMM Credit Service Contact Us About Us Terms & Conditions Sitemap Holiday Pricing Schedule

Notice: By accessing this site you agree that you will not copy or reproduce any part of its contents (including, but not limited to, single prices, graphs or news content) in any form or for any purpose whatsoever without the prior written consent of the publisher.

SHFE Aluminum to Move in a Tight Range (2017-3-10)

SMM Events & Webinars

NET ZERO CHINA Field Trip

SMM Indonesia Seminar: Li-ion Battery & Energy Storage

2025 ASIA BATTERY MATERIAL COOPERATION SALON