SMM Aluminium Price Forecast Based On Machine Learning In Week Ending April 28, 2023

The machine learning indicates that the most-traded SHFE aluminium contract will fluctuate downwards or rangebound this week. The random forest & time series model predicts that the price range of the most-traded SHFE aluminium contract will be [18,400, 19,190], and the extreme price range will be [18,330, 19,240]. The LSTM & time series model predicts that the range of SMM aluminium average price will be [18,430, 19,150], and the extreme range will be [19,380, 19,210]. According to the SMM weekly fundamentals forecast model, the range of SMM A00 aluminium average price will be [18,600, 19,180].
Source: SMM