LME Aluminum to Struggle around Moving Averages (2017-10-23)

Published: Oct 23, 2017 09:44

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Ferrous and nonferrous metals prices both fell during last Friday’s night session due to wrong interpretation of property tax in Ningxia.

SHANGHAI, Oct. 23 (SMM) – Ferrous and nonferrous metals prices both fell during last Friday’s night session due to wrong interpretation of property tax in Ningxia. LME aluminum will struggle around moving averages and range USD 2,120-2,150/mt today. SHFE 1712 aluminum will range RMB 16,000-16,250/mt.

In east China’s spot aluminum market, spot discounts are expected at RMB 140-100/mt.

SHFE aluminum prices aluminum prices Al price base metal price forecast

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