LME Aluminum to Rally (2017-4-5)

Published: Apr 5, 2017 09:36
LME aluminum will move at USD 1,922-1,946/mt and SHFE 1705 aluminum will move between RMB 13,800-14,100/mt on Wednesday.

SHANGHAI, Apr. 5 (SMM) – LME aluminum will rally to the 10-day moving average on Wednesday and will move at USD 1,922-1,946/mt. SHFE 1705 aluminum will decline and will move between RMB 13,800-14,100/mt on Wednesday.

In China’s domestic market, spot aluminum should trade at discounts of RMB 200-160/mt on Wednesday.

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LME Aluminum to Rally (2017-4-5) - Shanghai Metals Market (SMM)