LME Aluminum to Meet Resistance (2017-6-21)

Published: Jun 21, 2017 09:40

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LME aluminum will test resistance at the 10-day moving average and range USD 1,880-1,895/mt.

SHANGHAI, Jun. 21 (SMM) – LME aluminum will test resistance at the 10-day moving average and range USD 1,880-1,895/mt. SHFE 1708 aluminum will move at RMB 13,850-14,000/mt, with strong resistance at RMB 14,000/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 (2017-6-21)

SHFE aluminum prices aluminum prices Al price base metal price forecast

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