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LME Aluminum to Move Lower (2017-3-28)
Mar 28,2017 09:39
CSTprice review forecast
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
aluminum prices
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