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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
Source:SMM
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

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