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Home / Metal News / LME Aluminum to Swing Widely (2017-8-30)

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

iconAug 30, 2017 09:30
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 exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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