Non-ferrous
Non-ferrous
Base Metals
Rare Earth
Scrap Metals
Minor Metals
Precious Metals
Ferrous Metals
New Energy
DashboardDatabaseProReportsEventsConsultingSHANGHAI, May 3 (SMM) – LME aluminum should move between USD 1,910-1,940/mt today, with strong resistance at the 5-day, 10-day and 20-day moving averages while looking for support at the 60-day moving average. SHFE 1706 aluminum has fallen for four days in a row and will move at RMB 13,800-14,050/mt.
In east China’s spot aluminum market, spot discounts of RMB 100-60/mt are expected over SHFE 1705 aluminum contract.
Key Macroeconomic Indicators for Base Metal Prices (2017-5-3)
For queries, please contact Michael Jiang at michaeljiang@smm.cn
For more information on how to access our research reports, please email service.en@smm.cn