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Home / Metal News / LME Aluminum to Trade in Narrow Range (2016-2-29)

LME Aluminum to Trade in Narrow Range (2016-2-29)

iconFeb 29, 2016 09:38
The US dollar index will stay high on positive US economic data.

SHANGHAI, Feb. 29 (SMM) – The US dollar index will stay high on positive US economic data. This will keep LME aluminum in check at USD 1,550-1,580/mt on Monday. 

SHFE 1604 aluminum will hover at highs of RMB 11,250-11,450/mt.   

In China’s spot aluminum market, spot discounts of RMB 90-50/mt are expected over SHFE front-month aluminum contract. 

Key Macroeconomic Indicators for Base Metal Prices (2016-2-29)




​SHFE aluminum prices
aluminum prices
Al price
base metal price forecast
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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