SHFE Aluminum to Edge Higher after Holiday (2017-10-09)

Published: Oct 9, 2017 09:24

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LME aluminum is expected to fluctuate widely in the 5 and 20-day moving averages on Monday, with price between USD 2,135-2,165/mt.

SHANGHAI, Oct. 9 (SMM) – LME aluminum is expected to fluctuate widely in the 5 and 20-day moving averages on Monday, with price between USD 2,135-2,165/mt.

SHFE aluminum is expected to open higher after the week-long holiday in China, with price between RMB 16,400-16,600/mt. With post-holiday downstream stockpiling demand, spot discounts are expected between RMB 170-130/mt.

aluminum price shfe aluminum base metal price forecast

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