SHFE Aluminium Price Forecast Based On Machine Learning

Published: May 15, 2023 16:13

Source: SMM

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SHANGHAI, May 15 (SMM) - The machine learning indicates that the most-traded SHFE aluminium contract will fluctuate downwards or bottom out slightly this week.

SHANGHAI, May 15 (SMM) - The machine learning indicates that the most-traded SHFE aluminium contract will fluctuate downwards or bottom out slightly this week. The random forest & time series model predicts that the price range of the most-traded SHFE aluminium contract will be [17,640, 18,460], and the extreme price range will be [17,450, 18,690]. The LSTM & time series model predicts that the range of SMM A00 aluminium average price will be [17,660, 18,410], and the extreme range will be [17,480, 18,650]. According to the SMM weekly fundamentals forecast model, the range of SMM A00 aluminium average price will be [17,640, 18,520].

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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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