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Home / Metal News / LME Aluminum to Hover at Highs (2017-3-16)

LME Aluminum to Hover at Highs (2017-3-16)

Mar 16, 2017 09:46

Source:SMM

SHFE 1705 aluminum will move at RMB 13,700-13,900/mt and LME aluminum will hover at USD 1,876-1,900/mt.

SHANGHAI, Mar. 16 (SMM) – SHFE 1705 aluminum will meet strong resistance at the 5 and 10-day moving averages on Thursday and will drop slightly on Thursday. The contract will move at RMB 13,700-13,900/mt. LME aluminum will hover at USD 1,876-1,900/mt.

In China’s domestic market, spot aluminum should trade at discounts of RMB 170-130/mt on Thursday.

SHFE aluminum

LME aluminum

aluminum prices

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LME Aluminum to Hover at Highs (2017-3-16)

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