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Home / Metal News / LME Aluminum to Swing Widely (2017-10-18)

LME Aluminum to Swing Widely (2017-10-18)

Oct 18, 2017 09:24

Source:SMM

Eyes will be on 19th CPC National Congress held today.

SHANGHAI, Oct. 18 (SMM) – Eyes will be on 19th CPC National Congress that kicked off today. LME aluminum will move within USD 2,140-2,155/mt today and test resistance at the 10-day moving average, while SHFE 1712 aluminum will range RMB 16,150-16,400/mt.

In east China’s spot aluminum market, spot discounts are expected at RMB 200-160/mt.

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base metal price forecast

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