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Home / Metal News / LME Aluminum to Fall on Growing Stocks (2017-8-23)

LME Aluminum to Fall on Growing Stocks (2017-8-23)

Aug 23, 2017 09:32

Source:SMM

LME aluminum will fall to USD 2,060-2,090/mt today since LME aluminum stocks are beginning to rise.

SHANGHAI, Aug. 23 (SMM) –LME aluminum will fall to USD 2,060-2,090/mt today since LME aluminum stocks are beginning to rise. SHFE 1710 aluminum will move within RMB 16,100-16,400/mt, testing support at the 10-day moving average.

In east China’s spot aluminum market, spot discounts are expected at RMB 200-160/mt over SHFE 1709 aluminum contract.

Key Macroeconomic Indicators for Base Metal Prices (2017-8-23)

SHFE aluminum prices

aluminum prices

Al price

base metal price forecast

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