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

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

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

Aug 7,2017 09:32

CST

price review forecast

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

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