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Home / Metal News / SHFE Aluminum to Gather Strength on Softer Dollar (2016-3-30)

SHFE Aluminum to Gather Strength on Softer Dollar (2016-3-30)

Mar 30, 2016 09:26

Source:SMM

US Fed Chair Yellen’s cautious attitude toward rate hike path will soften the US dollar.

SHANGHAI, Mar. 30 (SMM) – US Fed Chair Yellen’s cautious attitude toward rate hike path will soften the US dollar. This will help SHFE 1605 aluminum climb to RMB 11,700-11,830/mt on Wednesday.

LME aluminum will range USD 1,485-1,505/mt.

In China’s spot aluminum market, spot discounts of RMB 50-10/mt are expected over SHFE 1604 aluminum contract.

Key Macroeconomic Indicators for Base Metal Prices (2016-3-30)

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