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Home / Metal News / LME Aluminum to Face Downward Pressure (2016-9-28)

LME Aluminum to Face Downward Pressure (2016-9-28)

iconSep 28, 2016 09:36
Russia will not attend OPEC meeting, sending crude oil prices down.

SHANGHAI, Sep. 28 (SMM) – Russia will not attend OPEC meeting, sending crude oil prices down. This will push LME aluminum down to USD 1,640-1,660/mt.  

SHFE 1611 aluminum will fluctuate at highs of RMB 12,350-12,550/mt.

In east China’s spot aluminum market, spot premiums of RMB 460-500/mt are expected over SHFE 1610 aluminum contract.

Key Macroeconomic Indicators for Base Metal Prices (2016-9-28)



​SHFE aluminum prices
aluminum prices
Al price
base metal price forecast
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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