Shanghai Metals Market
LME aluminum to rise further
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1 min read
A weaker US dollar from the US Fed’s decision not to raise interest rate will continue benefit LME aluminum, which will rise to USD 1,625-1,650/mt.
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SHFE 1611 aluminum will search for direction and move between RMB 12,350-12,500/mt.
In east China’s spot aluminum market, spot premiums of RMB 580-620/mt are expected over SHFE 1610 aluminum contract.
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