LME Aluminum to Swing Widely (2017-5-11)

Published: May 11, 2017 09:33

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LME aluminum will trade in a wide range of USD 1,850-1,880/mt today.

SHANGHAI, May 11 (SMM) –LME aluminum will trade in a wide range of USD 1,850-1,880/mt today. SHFE 1707 aluminum should move between RMB 13,750-14,000/mt and struggle around moving averages.

In east China’s spot aluminum market, spot discounts of RMB 0-40/mt are expected over SHFE 1705 aluminum contract.

Key Macroeconomic Indicators for Base Metal Prices (2017-5-11)

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 communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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