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)

Key Words: SHFE aluminum prices aluminum prices Al price base metal price forecast

Relative News

Price

Aluminum Ingot

Oct.16

13880.0

110.0

(0.80%)

Aluminum Ingot - Fo Shan

Oct.16

13840.0

60.0

(0.44%)

Aluminum Ingot - Wu Xi

Oct.16

13890.0

100.0

(0.73%)

Aluminum Ingot - Hang Zhou

Oct.16

13905.0

95.0

(0.69%)

Aluminum Ingot - Chong Qing

Oct.16

13840.0

85.0

(0.62%)

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)

Key Words: SHFE aluminum prices aluminum prices Al price base metal price forecast