LME Aluminum to Extend Losses (2016-1-13)

Published: Jan 13, 2016 09:41

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LME aluminum was dragged down by falling crude oil prices on Tuesday, and is expected to drop further to USD 1,437-1,473/mt on Wednesday.

SHANGHAI, Jan. 13 (SMM) –LME aluminum was dragged down by falling crude oil prices on Tuesday, and is expected to drop further to USD 1,437-1,473/mt on Wednesday.

SHFE 1603 aluminum should move at RMB 10,435-10,710/mt today.

See forecast for other base metals, please click: Shorts to Predominate Base Metal Market, SMM Says

In China’s spot market, spot discounts will narrow to RMB 130-90/mt over SHFE 1601 contract.

Key Macroeconomic Indicators for Base Metal Prices (2016-1-13)

SHFE aluminum prices aluminum prices Al price base metal price forecast

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