LME Aluminum to Swing Widely (2017-8-30)

Published: Aug 30, 2017 09:30

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LME aluminum will continue moving widely around the 5-day and 10-day moving averages and range USD 2,075-2,100/mt today.

SHANGHAI, Aug. 30 (SMM) –LME aluminum will continue moving widely around the 5-day and 10-day moving averages and range USD 2,075-2,100/mt today. SHFE 1711 aluminum will move within RMB 16,200-16,550/mt, with resistance at the 5-day and 10-day moving averages.

In east China’s spot aluminum market, spot discounts are expected at RMB 220-180/mt over SHFE 1709 aluminum contract.

Key Macroeconomic Indicators for Base Metal Prices (2017-8-30)

SHFE aluminum prices aluminum prices Al price base metal price forecast

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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