04 NOVEMBER 2014Shanghai Metal Market
Aluminum outperforms despite strong dollar and growing risks
Edited by : AL CIRCLE
1 min read
Aluminum is expected to prove resistant to declines, and may rally this week, Shanghai Metals Market’s Xue foresees.
A slew of risky events are going to be released this week, and the results are believed to put a downward pressure on base metals market, in addition to a strong dollar.
“Aluminum, and zinc included, will outperform others thanks to the improvement in market fundamentals”, SMM’s Xue said.
“The outlook for copper is not good, and the red metal will continue its downward trend”, he added.
Sales at highs are advised for those bearish ones.
A slew of risky events are going to be released this week, and the results are believed to put a downward pressure on base metals market, in addition to a strong dollar.
“Aluminum, and zinc included, will outperform others thanks to the improvement in market fundamentals”, SMM’s Xue said.
“The outlook for copper is not good, and the red metal will continue its downward trend”, he added.
Sales at highs are advised for those bearish ones.
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