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Home / Metal News / LME Aluminum to Rise (2017-7-27)

LME Aluminum to Rise (2017-7-27)

Jul 27, 2017 09:46

Source:SMM

The US dollar index fell to its lowest since July at 93.349 following the US Fed’s decision not to hike rate.

SHANGHAI, Jul. 27 (SMM) – The US dollar index fell to its lowest since July at 93.349 following the US Fed’s decision not to hike rate. This will allow LME aluminum to rise to USD 1,930-1,963/mt today. SHFE 1709 aluminum will move at RMB 14,400-14,560/mt.

In east China’s spot aluminum market, spot discounts are expected at RMB 150-110/mt over SHFE 1708 aluminum contract.

Key Macroeconomic Indicators for Base Metal Prices (2017-7-27)

SHFE aluminum prices

aluminum prices

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LME aluminum should move at highs of USD 1,950-1,975/mt today.

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