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

Published: Sep 5, 2017 09:33

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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

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