LME Aluminum to Look for Support (2017-5-12)

Published: May 12, 2017 09:33

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LME aluminum fell back from highs overnight and will test support at the 5-day moving average today and range USD 1,865-1,890/mt.

SHANGHAI, May 12 (SMM) –LME aluminum fell back from highs overnight and will test support at the 5-day moving average today and range USD 1,865-1,890/mt. SHFE 1707 aluminum should hover at lows of RMB 13,700-13,900/mt.

In east China’s spot aluminum market, spot discounts of RMB 0-20/mt and premiums of RMB 0-20/mt are expected over SHFE 1705 aluminum contract.

Key Macroeconomic Indicators for Base Metal Prices (2017-5-12)

SHFE aluminum prices aluminum prices Al price base metal price forecast

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