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

Published: Sep 28, 2016 09:36

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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

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