SHANGHAI, Aug. 31 (SMM) – The US dollar index will find support from US economic data and speeches by US Fed officials. Crude oil prices will face pressure from oversupply. LME aluminum will fall to USD 1,620-1,640/mt.
SHFE 1610 aluminum will move at RMB 12,240-12,400/mt, with short selling pressure.
In east China’s spot aluminum market, spot premiums of RMB 140-180/mt are expected over SHFE 1609 aluminum contract.
Key Macroeconomic Indicators for Base Metal Prices (2016-8-31)



