LME Aluminum to Move Widely (2017-8-16)

Price Review & Forecast 09:42:18AM Aug 16, 2017 Source:SMM

SHANGHAI, Aug. 16 (SMM) –LME aluminum will test support at the 5-day moving average and range USD 2,035-2,055/mt today. SHFE 1710 aluminum will range RMB 15,750-16,050/mt.
In east China’s spot aluminum market, spot discounts are expected to widen to RMB 230-190/mt over SHFE 1709 aluminum contract.

Key Macroeconomic Indicators for Base Metal Prices (2017-8-16)

Key Words: SHFE aluminum prices aluminum prices Al price base metal price forecast

Relative News

Price

Aluminum Ingot

Sep.20

14280.0

10.0

(0.07%)

Aluminum Ingot - Fo Shan

Sep.20

14320.0

20.0

(0.14%)

Aluminum Ingot - Wu Xi

Sep.20

14280.0

15.0

(0.11%)

Aluminum Ingot - Hang Zhou

Sep.20

14305.0

15.0

(0.10%)

Aluminum Ingot - Chong Qing

Sep.20

14310.0

10.0

(0.07%)

LME Aluminum to Move Widely (2017-8-16)

Price Review & Forecast 09:42:18AM Aug 16, 2017 Source:SMM

Key Macroeconomic Indicators for Base Metal Prices (2017-8-16)

Key Words: SHFE aluminum prices aluminum prices Al price base metal price forecast