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SHFE Aluminum to Gather Strength on Softer Dollar (2016-3-30)
Mar 30, 2016 09:26Source: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)
SHFE aluminum prices
aluminum prices
Al price
base metal price forecast
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