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

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

Price Review & Forecast 09:36:42AM Jun 08, 2017 Source:SMM

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)
 

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

Price Review & Forecast 09:36:42AM Jun 08, 2017 Source:SMM

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)