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

Published: Feb 29, 2016 09:38

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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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