SMM Morning Review - 2012/1/30 Aluminum Market

SMM Insight 08:55:50AM Jan 30, 2012 Source:SMM

SHANGHAI, Jan. 30 (SMM) – LME aluminum for three-month delivery hit USD 2,290.3/mt last Friday, as the US dollar weakened after Federal Reserve pledged to maintain low interest rates by at least the second half of 2014, and as LME aluminum stocks dropped below 5 million mt. Worries towards the European debt crisis and weak performance of the US economy in the fourth quarter, however, dragged the metal to close at USD 2,268.5/mt, down USD 3.3/mt or 0.14%.

SMM Morning Review - 2012/1/30 Aluminum Market

SMM Insight 08:55:50AM Jan 30, 2012 Source:SMM

SHANGHAI, Jan. 30 (SMM) – LME aluminum for three-month delivery hit USD 2,290.3/mt last Friday, as the US dollar weakened after Federal Reserve pledged to maintain low interest rates by at least the second half of 2014, and as LME aluminum stocks dropped below 5 million mt. Worries towards the European debt crisis and weak performance of the US economy in the fourth quarter, however, dragged the metal to close at USD 2,268.5/mt, down USD 3.3/mt or 0.14%.