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Home / Metal News / LME Aluminum Set for Gains (2016-3-17)

LME Aluminum Set for Gains (2016-3-17)

iconMar 17, 2016 09:46
Source:SMM
LME aluminum should go up to USD 1,520-1.535/mt during Asian trading hours Thursday.

SHANGHAI, Mar. 17 (SMM) – LME aluminum should go up to USD 1,520-1.535/mt during Asian trading hours Thursday.

US Fed left its Federal fund rate unchanged in March overnight and lowered forecast for its rate hike, supporting commodity prices.

SHFE 1605 aluminum will range RMB 11,240-11,360/mt on Mar. 17 and spot aluminum is expected to trade between discounts of RMB 30/mt and premiums of RMB 10/mt against SHFE front-month contract. 

Key Macroeconomic Indicators for Base Metal Prices (2016-3-17)

LME aluminum prices
SHFE aluminum prices
aluminum prices

For queries, please contact Michael Jiang at michaeljiang@smm.cn

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