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Home / Metal News / LME Aluminum to Hold Firm (2016-10-10)

LME Aluminum to Hold Firm (2016-10-10)

iconOct 10, 2016 11:16
Source:SMM
LME aluminum will move at highs of USD 1,670-1,685/mt on Monday.

SHANGHAI, Oct. 10 (SMM) –LME aluminum will move at highs of USD 1,670-1,685/mt on Monday.

Many cities in China introduced new measures to curb property market. China’s State Council said local governments are not allowed to approve new capacity. Only a small amount of aluminum ingot arrived in major consumption hubs after the weeklong holiday. So, spot aluminum prices in China should remain firm. SHFE 1611 aluminum will rise to RMB 12,800-13,000/mt and spot premiums of RMB 580-620/mt are expected over SHFE 1610 aluminum contract. 
Key Macroeconomic Indicators for Base Metal Prices (2016-10-10)

 

SHFE aluminum prices
aluminum prices
Al price
base metal price forecast

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