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Home / Metal News / LME Aluminum to Look for Support (2017-5-12)

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

May 12, 2017 09:33

Source: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.

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.

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

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