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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
Source: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.

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

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