LME Aluminum to Face Bigger Downward Pressure (2017-9-15)  -Shanghai Metals Market

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LME Aluminum to Face Bigger Downward Pressure (2017-9-15)  

Price Review & Forecast 09:19:57AM Sep 15, 2017 Source:SMM

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. 

  



 

LME Aluminum to Face Bigger Downward Pressure (2017-9-15)  

Price Review & Forecast 09:19:57AM Sep 15, 2017 Source:SMM

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.