SHFE Aluminum to Trade in Narrow Range (2017-9-27)

Published: Sep 27, 2017 09:31 (GMT+8)

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The US will release durable goods orders and existing home sales data today.

SHANGHAI, Sept. 27 (SMM) – The US will release durable goods orders and existing home sales data today. Market will eye speech by Trump over tax reform. LME aluminum will move within USD 2,112-2,140/mt today, while SHFE 1711 aluminum will range RMB 16,350-16,550/mt, with support at the 40-day moving average.

In east China’s spot aluminum market, spot discounts are expected at RMB 220-180/mt over SHFE 1710 aluminum contract.

SHFE aluminum prices aluminum prices Al price base metal price forecast

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