LME Aluminum to Meet Strong Resistance (2017-6-1)-Shanghai Metals Market

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LME Aluminum to Meet Strong Resistance (2017-6-1)

Price Review & Forecast 09:37:45AM Jun 01, 2017 Source:SMM

SHANGHAI, Jun. 1 (SMM) –LME aluminum will move between USD 1,920-1,940/mt today, with strong resistance at the 5-day and 10-day moving averages. SHFE 1707 aluminum should move mainly between RMB 13,750-13,950/mt.

In east China’s spot aluminum market, spot discounts of RMB 110-70/mt are expected over SHFE 1706 aluminum contract.

Key Macroeconomic Indicators for Base Metal Prices (2017-6-1)

 

LME Aluminum to Meet Strong Resistance (2017-6-1)

Price Review & Forecast 09:37:45AM Jun 01, 2017 Source:SMM

SHANGHAI, Jun. 1 (SMM) –LME aluminum will move between USD 1,920-1,940/mt today, with strong resistance at the 5-day and 10-day moving averages. SHFE 1707 aluminum should move mainly between RMB 13,750-13,950/mt.

In east China’s spot aluminum market, spot discounts of RMB 110-70/mt are expected over SHFE 1706 aluminum contract.

Key Macroeconomic Indicators for Base Metal Prices (2017-6-1)