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

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

Price Review & Forecast 09:44:30AM Oct 23, 2017 Source:SMM

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. 
 



 

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

Price Review & Forecast 09:44:30AM Oct 23, 2017 Source:SMM

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.