LME Aluminum to Struggle between Moving Averages (2017-6-28)-Shanghai Metals Market

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LME Aluminum to Struggle between Moving Averages (2017-6-28)

Price Review & Forecast 09:44:11AM Jun 28, 2017 Source:SMM

SHANGHAI, Jun. 28 (SMM) – LME aluminum will struggle between the 10-day and 20-day moving average and range USD 1,877-1,891/mt today. SHFE 1708 aluminum will move at RMB 13,850-14,000/mt. 

In east China’s spot aluminum market, spot discounts are expected at RMB 150-110/mt over SHFE 1707 aluminum contract.  

Key Macroeconomic Indicators for Base Metal Prices (2017-6-28)
 

LME Aluminum to Struggle between Moving Averages (2017-6-28)

Price Review & Forecast 09:44:11AM Jun 28, 2017 Source:SMM

SHANGHAI, Jun. 28 (SMM) – LME aluminum will struggle between the 10-day and 20-day moving average and range USD 1,877-1,891/mt today. SHFE 1708 aluminum will move at RMB 13,850-14,000/mt. 

In east China’s spot aluminum market, spot discounts are expected at RMB 150-110/mt over SHFE 1707 aluminum contract.  

Key Macroeconomic Indicators for Base Metal Prices (2017-6-28)