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)