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Home / Metal News / LME Aluminum to Stay High on Softer Dollar (2016-4-1)

LME Aluminum to Stay High on Softer Dollar (2016-4-1)

iconApr 1, 2016 09:36
Source:SMM
US Fed’s Chair Yellen’s dovish remarks will continue pressuring the US dollar.

SHANGHAI, Apr. 1 (SMM) – US Fed’s Chair Yellen’s dovish remarks will continue pressuring the US dollar. This will allow LME aluminum to hold firm at USD 1,505-1,530/mt on Friday. 

Market sentiment will be positive following release of China’s manufacturing PMI. SHFE 1605 aluminum is expected to rise to RMB 11,800-11,950/mt. 

In China’s spot aluminum market, spot discounts of RMB 0-40/mt are expected over SHFE 1604 aluminum contract. 

Key Macroeconomic Indicators for Base Metal Prices (2016-4-1)



SHFE aluminum prices
aluminum prices
Al price
base metal price forecast

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