LME Aluminum to Remain Rising Momentum (2017-3-27)

Mar 27, 2017 09:26

LME aluminum will keep testing USD 1,940/mt and SHFE 1705 aluminum will move between RMB 13,600-13,850/mt on Monday.

SHANGHAI, Mar. 27 (SMM) – LME aluminum met resistance at USD 1,940/mt on last Friday. The contract will remain rising momentum on Monday but rising strength will slow down and will keep testing USD 1,940/mt. SHFE 1705 aluminum declined last Friday and will move between RMB 13,600-13,850/mt on Monday.

In China’s domestic market, spot aluminum should trade at discounts of RMB 160-120/mt on Monday.

SHFE aluminum

LME aluminum

aluminum prices

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LME Aluminum to Remain Rising Momentum (2017-3-27)

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