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Home / Metal News / LME Aluminum to Fall Further (2017-5-10)

LME Aluminum to Fall Further (2017-5-10)

iconMay 10, 2017 09:30
Technical indicator suggests LME aluminum will drop further to USD 1,860-1,880/mt today.

SHANGHAI, May 10 (SMM) – Technical indicator suggests LME aluminum will drop further to USD 1,860-1,880/mt today. News about illegal aluminum capacity crackdowns in Shandong failed to drive SHFE 1707 aluminum above the 5-day moving average. SHFE 1707 aluminum should move between RMB 13,700-13,900/mt.

In east China’s spot aluminum market, spot discounts of RMB 50-10/mt are expected over SHFE 1705 aluminum contract.

Key Macroeconomic Indicators for Base Metal Prices (2017-5-10)

 

SHFE aluminum prices
aluminum prices
Al price
base metal price forecast
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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