LME Aluminium to meet strong resistance

LME aluminium is expected to meet resistance at the 40-day moving average and move at USD 1,458-1,483/mt on Monday.

SHFE 1603 aluminium should consolidate at RMB 10,580-10,750/mt.

In China’s spot market, spot discounts of RMB 0-10/mt and premiums of RMB 0-30/mt are expected over SHFE 1601 contract.

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