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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)

iconSep 5, 2017 09:33
Source:SMM
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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