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Home / Metal News / LME Aluminum to Struggle between Moving Averages (2017-6-29)

LME Aluminum to Struggle between Moving Averages (2017-6-29)

iconJun 29, 2017 09:36
LME aluminum will struggle between the 20-day and 40-day moving average and range USD 1,889-1,904/mt during today’s Asian trading hours.

SHANGHAI, Jun. 29 (SMM) – LME aluminum will struggle between the 20-day and 40-day moving average and range USD 1,889-1,904/mt during today’s Asian trading hours. SHFE 1708 aluminum will move at RMB 13,900-14,010/mt. 

In east China’s spot aluminum market, spot discounts are expected to expand slightly to RMB 160-120/mt over SHFE 1707 aluminum contract.  

Key Macroeconomic Indicators for Base Metal Prices (2017-6-29)

 

SHFE aluminum prices
aluminum prices
Al price
base metal price forecast
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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