LME Aluminum to Move Lower (2017-3-28)_SMM | Shanghai Non ferrous Metals

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Home / Metal News / Aluminium / LME Aluminum to Move Lower (2017-3-28)

LME Aluminum to Move Lower (2017-3-28)

Mar 28,2017 09:39

CST

SMM Comments

Source:SMM

LME aluminum will move between USD 1,920-1,935/mt and SHFE 1705 aluminum will move at RMB 13,550-13,750/mt.

SHANGHAI, Mar. 28 (SMM) – LME aluminum declined below the 5-day moving average after meeting resistance at USD 1,940/mt. The contract will test support at the 10-day moving average on Tuesday and will move between USD 1,920-1,935/mt. SHFE 1705 aluminum will keep falling on Tuesday and will move at RMB 13,550-13,750/mt.

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

SHFE aluminum

LME aluminum

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