SHANGHAI, Sept. 19 (SMM) -- Last Friday, LME base metals prices closed with gains supported by steady declines in LME inventories. LME aluminum prices opened at USD 2,163.5/mt, with the highest level and lowest level at USD 2,214/mt and USD 2,156.3/mt, respectively. The euro weakened during the European trading period, helping push up the US dollar index to 81.415, and LME aluminum prices lost some gains as a result, with prices finally closing at USD 2,182/mt, with an intraday rise of over 1%. Trading volumes and positions increased, indicating LME aluminum prices still have upward momentum, but prices will likely struggle at USD 2,200/mt amid heavy pressure at this mark. The Shanghai Futures Exchange is closed today.
Copyright © SMM. All Rights Reserved
None of this material may be used for any commercial or public use in any forms or means, without the prior written consent of SMM. For reproduction issue, please contact us by email: email@example.com