LME Aluminum to Meet Growing Resistance (2017-7-25)-Shanghai Metals Market

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LME Aluminum to Meet Growing Resistance (2017-7-25)

Price Review & Forecast 09:37:50AM Jul 25, 2017 Source:SMM

SHANGHAI, Jul. 25 (SMM) – LME aluminum will move at USD 1,905-1,925/mt today, with growing resistance. SHFE 1709 aluminum will move at highs of RMB 14,360-14,490/mt, with resistance at RMB 14,500/mt. 

In east China’s spot aluminum market, spot discounts are expected at RMB 150-110/mt over SHFE 1708 aluminum contract.  

Key Macroeconomic Indicators for Base Metal Prices (2017-7-25)

 

LME Aluminum to Meet Growing Resistance (2017-7-25)

Price Review & Forecast 09:37:50AM Jul 25, 2017 Source:SMM

SHANGHAI, Jul. 25 (SMM) – LME aluminum will move at USD 1,905-1,925/mt today, with growing resistance. SHFE 1709 aluminum will move at highs of RMB 14,360-14,490/mt, with resistance at RMB 14,500/mt. 

In east China’s spot aluminum market, spot discounts are expected at RMB 150-110/mt over SHFE 1708 aluminum contract.  

Key Macroeconomic Indicators for Base Metal Prices (2017-7-25)