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SHFE Aluminum to Hover at Highs (2017-5-17)
May 17,2017 09:33CST
price review forecast
Source:SMM
SHFE 1707 aluminum should move at highs of RMB 13,910-14,100/mt today, with resistance at the 20-day, 40-day and 60-day moving averages.

SHANGHAI, May 17 (SMM) –SHFE 1707 aluminum should move at highs of RMB 13,910-14,100/mt today, with resistance at the 20-day, 40-day and 60-day moving averages. The US dollar index dipped to 98. LME aluminum will range USD 1,910-1,930/mt today. 

In east China’s spot aluminum market, spot discounts of RMB 90-50/mt are expected over SHFE 1706 aluminum contract.

Key Macroeconomic Indicators for Base Metal Prices (2017-5-17)
 

SHFE aluminum prices
aluminum prices
Al price
base metal price forecast

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