Home / Metal News / Zinc / [Al Price] LME Aluminum to Fall to $ 1,550-1,600 Next Week
[Al Price] LME Aluminum to Fall to $ 1,550-1,600 Next Week
Aug 7,2015 15:58CST
smm insight
Source:SMM
LME aluminum will fall to $ 1,550-1,600 per tonne next week, Shanghai Metals Market foresees.

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 prices
SHFE aluminum prices
aluminum price forecast
SMM review & forecast

For queries, please contact Frank LIU at liuxiaolei@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news