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LME Aluminum to Struggle around Moving Averages (2017-6-2)
Jun 2, 2017 09:51Source:SMM
LME aluminum will continue struggling around moving averages and move between USD 1,920-1,940/mt today.
SHANGHAI, Jun. 2 (SMM) –LME aluminum will continue struggling around moving averages and move between USD 1,920-1,940/mt today. SHFE 1707 aluminum should move between RMB 13,700-13,900/mt.
In east China’s spot aluminum market, spot discounts of RMB 80-40/mt are expected over SHFE 1706 aluminum contract.
Key Macroeconomic Indicators for Base Metal Prices (2017-6-2)
SHFE aluminum prices
aluminum prices
Al price
base metal price forecast
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.
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