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Home / Metal News / LME Aluminum to Fall Back from Highs (2017-7-28)

LME Aluminum to Fall Back from Highs (2017-7-28)

Jul 28, 2017 09:42

LME aluminum will fall back to USD 1,930-1,950/mt today deu to strong resistance at above USD 1,950/mt.

SHANGHAI, Jul. 28 (SMM) –LME aluminum will fall back to USD 1,930-1,950/mt today deu to strong resistance at above USD 1,950/mt. SHFE 1709 aluminum will drop to RMB 14,400-14,530/mt due to poor market fundamentals.

In east China’s spot aluminum market, spot discounts are expected at RMB 180-140/mt over SHFE 1708 aluminum contract.

Key Macroeconomic Indicators for Base Metal Prices (2017-7-28)

SHFE aluminum prices

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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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LME Aluminum to Fall Back from Highs (2017-7-28)

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