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LME Aluminum to Face Downward Pressure (2016-9-28)
Sep 28, 2016 09:36Source:SMM
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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