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DashboardDatabaseProReportsEventsConsultingSHANGHAI, 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)
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