LME Aluminum to Remain Weak (2016-5-9)-Shanghai Metals Market

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LME Aluminum to Remain Weak (2016-5-9)

Price Review & Forecast 09:37:53AM May 09, 2016 Source:SMM

SHANGHAI, May 9 (SMM) –LME aluminum will remain weak at USD 1,580-1,610/mt on Monday, due to a strong US dollar.  

SHFE 1607 aluminum will move at RMB 12,300-12,600/mt. 

In China’s spot aluminum market, spot discounts of RMB 0-20/mt and spot premiums of RMB 0-20/mt are expected over SHFE 1605 aluminum contract. 

Key Macroeconomic Indicators for Base Metal Prices (2016-5-9)




LME Aluminum to Remain Weak (2016-5-9)

Price Review & Forecast 09:37:53AM May 09, 2016 Source:SMM

SHANGHAI, May 9 (SMM) –LME aluminum will remain weak at USD 1,580-1,610/mt on Monday, due to a strong US dollar.  

SHFE 1607 aluminum will move at RMB 12,300-12,600/mt. 

In China’s spot aluminum market, spot discounts of RMB 0-20/mt and spot premiums of RMB 0-20/mt are expected over SHFE 1605 aluminum contract. 

Key Macroeconomic Indicators for Base Metal Prices (2016-5-9)