LME Aluminum to Struggle (2017-10-11)

Published: Oct 11, 2017 09:20

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LME aluminum will continue struggling at the 5-day moving average and move within USD 2,155-2,175/mt today.

SHANGHAI, Oct. 11 (SMM) –LME aluminum will continue struggling at the 5-day moving average and move within USD 2,155-2,175/mt today. SHFE 1712 aluminum will range RMB 16,450-16,650/mt, with resistance at moving averages and support at RMB 16,500/mt.

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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