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Home / Metal News / LME Aluminum to Struggle around Moving Averages (2017-8-2)

LME Aluminum to Struggle around Moving Averages (2017-8-2)

Aug 2, 2017 09:34

Source:SMM

LME aluminum should continue struggling around moving averages and range USD 1,903-1,917/mt today.

SHANGHAI, Aug. 2 (SMM) –LME aluminum should continue struggling around moving averages and range USD 1,903-1,917/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 170-130/mt over SHFE 1708 aluminum contract.

Key Macroeconomic Indicators for Base Metal Prices (2017-8-2)

SHFE aluminum prices

aluminum prices

Al price

base metal price forecast

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LME aluminum will fall to USD 2,060-2,090/mt today since LME aluminum stocks are beginning to rise.

Aug 23, 2017 09:32

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SHFE 1709 aluminum opened at RMB 14,465/mt on Tuesday.

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LME Aluminum to Struggle around Moving Averages (2017-8-2)

SMM Events & Webinars

APAC (9th) Stainless Steel Industry Conference 2024

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2024 GLOBAL BATTERY RECYCLING CONFERENCE