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Home / Metal News / LME Aluminum to Rise on Weaker Dollar (2017-5-25)

LME Aluminum to Rise on Weaker Dollar (2017-5-25)

iconMay 25, 2017 09:47
LME aluminum will rise to USD 1,935-1,960/mt today due to a weaker dollar after release of dovish minutes of the US Fed’s May policy meeting.

SHANGHAI, May 25 (SMM) –LME aluminum will rise to USD 1,935-1,960/mt today due to a weaker dollar after release of dovish minutes of the US Fed’s May policy meeting. SHFE 1707 aluminum should move between RMB 13,900-14,100/mt. 

In east China’s spot aluminum market, spot discounts of RMB 110-70/mt are expected over SHFE 1706 aluminum contract.

Key Macroeconomic Indicators for Base Metal Prices (2017-5-25)

 

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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