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Home / Metal News / LME Aluminum to Meet Strong Resistance (2017-8-1)

LME Aluminum to Meet Strong Resistance (2017-8-1)

Aug 1, 2017 09:34

Source:SMM

LME aluminum should meet strong resistance at moving averages and range USD 1,905-1,925/mt today.

SHANGHAI, Aug. 1 (SMM) –LME aluminum should meet strong resistance at moving averages and range USD 1,905-1,925/mt today. SHFE 1709 aluminum will range RMB 14,380-14,500/mt.

In east China’s spot aluminum market, spot discounts are expected at RMB 160-120/mt over SHFE 1708 aluminum contract.

Key Macroeconomic Indicators for Base Metal Prices (2017-8-1)

SHFE aluminum prices

aluminum prices

Al price

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LME Aluminum to Meet Strong Resistance (2017-8-1)

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