24 MAY 2016Shanghai Metals Market
LME aluminium to remain range-bound
Edited by : AL CIRCLE
1 min read
The US dollar index will hover near current levels while market is waiting for US economic data and speech by Fed Chair Yellen. LME aluminium will trade at USD 1,540-1,560/mt on Tuesday.
SHFE 1607 aluminium has found support and will move at RMB 12,250-12,350/mt.
In China’s spot aluminium market, spot premiums of RMB 0-40/mt are expected over SHFE 1606 aluminium contract.
SHFE 1607 aluminium has found support and will move at RMB 12,250-12,350/mt.
In China’s spot aluminium market, spot premiums of RMB 0-40/mt are expected over SHFE 1606 aluminium contract.
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