LME Aluminum to Meet Strong Resistance (2017-6-9)-Shanghai Metals Market

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LME Aluminum to Meet Strong Resistance (2017-6-9)

Price Review & Forecast 09:42:39AM Jun 09, 2017 Source:SMM

SHANGHAI, Jun. 9 (SMM) –LME aluminum will range USD 1,895-1,915/mt, with strong resistance at the 5-day moving average. SHFE 1708 aluminum will fluctuate mainly between RMB 13,750-13,880/mt. 

In east China’s spot aluminum market, spot discounts of RMB 70-30/mt are expected over SHFE 1706 aluminum contract.

Key Macroeconomic Indicators for Base Metal Prices (2017-6-9)

 

LME Aluminum to Meet Strong Resistance (2017-6-9)

Price Review & Forecast 09:42:39AM Jun 09, 2017 Source:SMM

SHANGHAI, Jun. 9 (SMM) –LME aluminum will range USD 1,895-1,915/mt, with strong resistance at the 5-day moving average. SHFE 1708 aluminum will fluctuate mainly between RMB 13,750-13,880/mt. 

In east China’s spot aluminum market, spot discounts of RMB 70-30/mt are expected over SHFE 1706 aluminum contract.

Key Macroeconomic Indicators for Base Metal Prices (2017-6-9)