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LME Aluminum to Remain Weak (2016-5-9)
May 9, 2016 09:37Source:SMM
LME aluminum will remain weak at USD 1,580-1,610/mt on Monday, due to a strong US dollar.
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)
SHFE aluminum prices
aluminum prices
Al price
base metal price forecast
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