LME Aluminum to Head Down (2017-6-19)-Shanghai Metals Market

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

Price Review & Forecast 09:44:58AM Jun 19, 2017 Source:SMM

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)

 

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

Price Review & Forecast 09:44:58AM Jun 19, 2017 Source:SMM

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)