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.