China's aluminum prices fall back below the 13,650 yuan per mton threshold (technical resistance).
March 7, 2019
SHFE two-month aluminum prices closed the overnight session virtually unchanged at 13,705 yuan per mton ($1,760 per mton, excluding VAT) but fell in after-hours by as much as 0.8% to test levels as low as 13,595 yuan per mton ($1,746 per mton, excluding VAT) amid losses across the base metals complex and a downgrade in global GDP growth forecasts by the OECD. SHFE aluminum prices continue to face resistance around 13,650 yuan per mton ($1,755 per mton, excluding VAT).
More details in full report.