LME Aluminum to Struggle around Moving Averages (2017-6-2)-Shanghai Metals Market

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LME Aluminum to Struggle around Moving Averages (2017-6-2)

Price Review & Forecast 09:51:42AM Jun 02, 2017 Source:SMM

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)

 

LME Aluminum to Struggle around Moving Averages (2017-6-2)

Price Review & Forecast 09:51:42AM Jun 02, 2017 Source:SMM

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)