LME Aluminum to Meet Resistance (2017-6-21)-Shanghai Metals Market

Hot Keywords

  • Inventory data
  • Air pollution
  • Zinc
  • hydrogenation stations
  • Production data
  • Futures movement
  • Aluminium
  • nickel laterite
  • Nickel
  • Market commentary
  • Macroeconomics
  • In the United States
  • Copper
  • Nickel ore
  • Spot copper

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

Price Review & Forecast 09:40:00AM Jun 21, 2017 Source:SMM

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)

 

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

Price Review & Forecast 09:40:00AM Jun 21, 2017 Source:SMM

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)