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Home / Metal News / LME Aluminum to Face Technical Corrections (2017-5-22)

LME Aluminum to Face Technical Corrections (2017-5-22)

May 22, 2017 09:45

Source:SMM

LME aluminum rose sharply last Friday, but will face corrections today and range USD 1,927-1,950/mt.

SHANGHAI, May 22 (SMM) –LME aluminum rose sharply last Friday, but will face corrections today and range USD 1,927-1,950/mt. SHFE 1707 aluminum should rise to RMB 14,000-14,200/mt.

In east China’s spot aluminum market, spot discounts of RMB 140-100/mt are expected over SHFE 1706 aluminum contract.

Key Macroeconomic Indicators for Base Metal Prices (2017-5-22)

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LME Aluminum to Face Technical Corrections (2017-5-22)

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