SMM Forecast For SHFE Aluminium Price After The Labour Day Holiday Based On Machine Learning  

Published: Apr 28, 2023 16:52
Source: SMM
SHANGHAI, Apr 28 (SMM) – The machine learning indicates that the most-traded SHFE aluminium contract will fluctuate rangebound or downwards after the Labour Day holiday.

SHANGHAI, Apr 28 (SMM) – The machine learning indicates that the most-traded SHFE aluminium contract will fluctuate rangebound or downwards after the Labour Day holiday. The random forest & time series model predicts that the price range of the most-traded SHFE aluminium contract will be [18,210, 18,890], and the extreme price range will be [18,150, 18,900]. The LSTM & time series model predicts that the range of SMM A00 aluminum average price will be [18,220, 18,850], and the extreme range will be [18,280, 18,910]. According to the SMM weekly fundamentals forecast model, the range of SMM A00 aluminum average price will be [18,280, 18,810].

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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