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Home / Metal News / LME Aluminum to Continue Struggling (2017-8-7)

LME Aluminum to Continue Struggling (2017-8-7)

Aug 7, 2017 09:32

Source:SMM

LME aluminum should continue struggling around moving averages and range USD 1,900-1,918/mt today, testing support at the 40-day moving average.

SHANGHAI, Aug. 7 (SMM) –LME aluminum should continue struggling around moving averages and range USD 1,900-1,918/mt today, testing support at the 40-day moving average. SHFE 1710 aluminum will range RMB 14,730-14,900/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 (2017-8-7)

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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LME aluminum will range USD 2,055-2,075/mt today and test support at the 5-day moving average.

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SHFE Aluminum to Trade in Wide Range (2017-8-18)

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

Jul 28, 2017 09:42

SMM Comments

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LME Aluminum to Continue Struggling (2017-8-7)

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