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

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