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

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

Price Review & Forecast 09:36:31AM Jun 29, 2017 Source:SMM

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)

 

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

Price Review & Forecast 09:36:31AM Jun 29, 2017 Source:SMM

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)