SHANGHAI, Sep. 15 (SMM) –LME aluminum will struggle around the 20-day moving average and range USD 2,080-2,110/mt today. Environmental department is preparing for output controls in winter heating season. So, wait-and-see sentiment will prevail. SHFE 1711 aluminum may follow other base metals down to RMB 16,400-16,600/mt today.
In east China’s spot aluminum market, spot discounts are expected at RMB 90-50/mt over SHFE 1709 aluminum contract.