LME Aluminum to Strengthen (2017-6-20)-Shanghai Metals Market

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LME Aluminum to Strengthen (2017-6-20)

Price Review & Forecast 09:35:48AM Jun 20, 2017 Source:SMM

SHANGHAI, Jun. 20 (SMM) – LME aluminum will challenge resistance at the 10-day moving average and range USD 1,881-1,898/mt. SHFE 1708 aluminum will move at RMB 13,770-13,930/mt.

In east China’s spot aluminum market, spot discounts of RMB 110-70/mt are expected over SHFE 1707 aluminum contract.

Key Macroeconomic Indicators for Base Metal Prices (2017-6-20)

 

LME Aluminum to Strengthen (2017-6-20)

Price Review & Forecast 09:35:48AM Jun 20, 2017 Source:SMM

SHANGHAI, Jun. 20 (SMM) – LME aluminum will challenge resistance at the 10-day moving average and range USD 1,881-1,898/mt. SHFE 1708 aluminum will move at RMB 13,770-13,930/mt.

In east China’s spot aluminum market, spot discounts of RMB 110-70/mt are expected over SHFE 1707 aluminum contract.

Key Macroeconomic Indicators for Base Metal Prices (2017-6-20)