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Home / Metal News / SHFE Aluminum to Consolidate after Big Decline (2017-9-5)

SHFE Aluminum to Consolidate after Big Decline (2017-9-5)

Sep 5, 2017 09:33

SHFE 1711 aluminum will hover around RMB 16,500-16,700/mt on Tuesday after big fall yesterday.

SHANGHAI, Sep. 5 (SMM) –SHFE 1711 aluminum will hover around RMB 16,500-16,700/mt on Tuesday after big fall yesterday. LME aluminum will move within USD 2,105-2,130/mt today, with support at the 5-day moving average.

In east China’s spot aluminum market, spot discounts are expected at RMB 260-220/mt over SHFE 1709 aluminum contract.

Key Macroeconomic Indicators for Base Metal Prices (2017-9-5)

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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