31 JULY 2015Shanghai Metal Market
LME aluminum to fall to $ 1,630-1,660 next week
Edited by : AL CIRCLE
1 min read
LME aluminum will fall to $ 1,630-1,660 per tonne next week, Shanghai Metals Market foresees.
Expectations for US interest rate hike will keep the US dollar index elevated, thus pressuring LME aluminum.
Selling pressure at highs and tumbling Chinese stock market will send SHFE 1510 aluminum contract down to 12,150-12,300 yuan per tonne.
Expectations for US interest rate hike will keep the US dollar index elevated, thus pressuring LME aluminum.
Selling pressure at highs and tumbling Chinese stock market will send SHFE 1510 aluminum contract down to 12,150-12,300 yuan per tonne.
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