LME Aluminium to hold firm, SMM forecasts

Aluminium on London Metal Exchange will hold firm at USD 1,640-1,670/mt today, SMM forecasts.

SHFE 1606 aluminium will challenge resistance at RMB 13,000/mt and move at RMB 12,750-13,050/mt on market bullishness.

In China’s spot aluminium market, spot discounts of RMB 0-40/mt are expected over SHFE 1605 aluminium contract.

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