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LME Aluminum to Meet Strong Resistance (2017-6-9)
Jun 9,2017 09:42
CSTprice review forecast
Source:SMM
LME aluminum will range USD 1,895-1,915/mt, with strong resistance at the 5-day moving average.
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)
SHFE aluminum prices
aluminum prices
Al price
base metal price forecast
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