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Home / Metal News / LME Aluminum to Head Down (2017-6-19)

LME Aluminum to Head Down (2017-6-19)

Jun 19, 2017 09:44

LME aluminum will fall to USD 1,862-1,880/mt, with resistance at the 5-day moving average.

SHANGHAI, Jun. 19 (SMM) – LME aluminum will fall to USD 1,862-1,880/mt, with resistance at the 5-day moving average. SHFE 1708 aluminum will move at RMB 13,490-13,670/mt.

In east China’s spot aluminum market, spot discounts of RMB 120-80/mt are expected over SHFE 1707 aluminum contract.
Key Macroeconomic Indicators for Base Metal Prices (2017-6-19)

SHFE aluminum prices

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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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LME aluminum will drop to USD 2,080-2,105/mt today on strong bearishness.

Sep 11, 2017 09:46

SMM Comments

LME Aluminum to Fall further (2017-9-11)

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On Thursday’s night trading, SHFE 1610 aluminum slid to RMB 12,655/mt after opening at RMB 12,780/mt, ending at RMB 12,680/mt.

Aug 19, 2016 21:23

SMM Comments

SHFE Aluminum to Face Short Selling (2016-7-22)

SHFE 1609 aluminum will drop to RMB 12,200-12,370/mt as short momentum is growing.

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SMM Comments

SHFE 1609 Aluminum Ends with Gains (2016-7-13)

On Tuesday’s night trading, SHFE 1609 aluminum fell to RMB 12,515/mt after opening at RMB 12,555/mt. But prices then followed LME aluminum up to RMB 12,650/mt and closed at RMB 12,570/mt.

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SMM Comments

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SMM Comments

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SMM Comments

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SMM Comments

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SHFE 1605 aluminum opened at RMB 11,760/mt on Thursday.

Mar 31, 2016 17:09

SMM Comments

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Mar 30, 2016 09:26

SMM Comments

Key Macroeconomic Indicators for Base Metal Prices (2016-3-25)

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LME Aluminum to Head Down (2017-6-19)

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NET ZERO CHINA Field Trip

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