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

Published: Aug 29, 2017 09:49

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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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