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Home / Metal News / LME Aluminum to Hold Firm (2017-9-8)

LME Aluminum to Hold Firm (2017-9-8)

Sep 8, 2017 09:30

LME aluminum will hold firm at USD 2,095-2,120/mt on Friday on technical support and weaker dollar.

SHANGHAI, Sep. 8 (SMM) –LME aluminum will hold firm at USD 2,095-2,120/mt on Friday on technical support and weaker dollar. SHFE 1711 aluminum will find support from stronger yuan, but face pressure from growing panic after continuous declines, and should range RMB 16,000-16,290/mt today.

In east China’s spot aluminum market, spot discounts are expected at RMB 120-80/mt over SHFE 1709 aluminum contract.

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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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LME Aluminum to Hold Firm (2017-9-8)

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