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Home / Metal News / LME Aluminum to Hover at Lows (2017-6-8)

LME Aluminum to Hover at Lows (2017-6-8)

iconJun 8, 2017 09:36
LME aluminum will hover at lows of USD 1,895-1,915/mt.

SHANGHAI, Jun. 8 (SMM) –LME aluminum will hover at lows of USD 1,895-1,915/mt. SHFE 1708 aluminum will test resistance at the 5-day moving average and fluctuate between RMB 13,700-13,850/mt. 

In east China’s spot aluminum market, spot discounts of RMB 60-20/mt are expected over SHFE 1706 aluminum contract.

Key Macroeconomic Indicators for Base Metal Prices (2017-6-8)
 

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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