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LME Aluminum to Continue Struggling (2017-8-7)
Aug 7,2017 09:32CST
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
aluminum prices
Al price
base metal price forecast

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