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Home / Metal News / [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 15:58

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.

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Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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

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