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Home / Metal News / LME Aluminum to Meet Resistance (2017-8-29)

LME Aluminum to Meet Resistance (2017-8-29)

iconAug 29, 2017 09:49
Source:SMM
LME aluminum will meet resistance at the 5-day and 10-day moving averages and range USD 2,060-2,085/mt today.

SHANGHAI, Aug. 29 (SMM) –LME aluminum will meet resistance at the 5-day and 10-day moving averages and range USD 2,060-2,085/mt today. SHFE 1711 aluminum will move within RMB 16,350-16,600/mt.  
In east China’s spot aluminum market, spot discounts are expected at RMB 200/mt over SHFE 1709 aluminum contract. 

Key Macroeconomic Indicators for Base Metal Prices (2016-8-29)

 

SHFE aluminum prices
aluminum prices
Al price
base metal price forecast

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