[Al Price] LME Aluminum to Fall to $ 1,550-1,600 Next Week-Shanghai Metals Market

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[Al Price] LME Aluminum to Fall to $ 1,550-1,600 Next Week

SMM Insight 03:58:42PM Aug 07, 2015 Source:SMM

SHANGHAI, Aug. 7 (SMM) – LME aluminum will fall to $ 1,550-1,600 per tonne next week, Shanghai Metals Market foresees. 

The US dollar index has been firm, and moving averages of LME aluminum are pointing downward. 

SHFE 1510 aluminum will hover around 12,000 yuan per tonne.

In China’s spot market, sellers will hold back goods at lows, while buyers will show little interest. Spot discounts of 0-50 yuan per tonne are expected over SHFE 1508 contract.  

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.




A00 Aluminum Ingot 7 Day Chart

[Al Price] LME Aluminum to Fall to $ 1,550-1,600 Next Week

SMM Insight 03:58:42PM Aug 07, 2015 Source:SMM

SHANGHAI, Aug. 7 (SMM) – LME aluminum will fall to $ 1,550-1,600 per tonne next week, Shanghai Metals Market foresees. 

The US dollar index has been firm, and moving averages of LME aluminum are pointing downward. 

SHFE 1510 aluminum will hover around 12,000 yuan per tonne.

In China’s spot market, sellers will hold back goods at lows, while buyers will show little interest. Spot discounts of 0-50 yuan per tonne are expected over SHFE 1508 contract.  

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.




A00 Aluminum Ingot 7 Day Chart