LME Aluminum to Move Widely (2017-8-16)-Shanghai Metals Market

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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)

 

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)