fassi srl | LME aluminium to edge higher while range-bound trading expected in SHFE aluminium

LME aluminium to edge higher while range-bound trading expected in SHFE aluminium

LME aluminium prices climbed higher drawing support from a vulnerable US dollar index that has been on a decline since the beginning of this week. The light metal contract rose by 0.74 per cent from Tuesday’s close of US$1,943 per tonne to end at US$1,957.50 per tonne on Wednesday, April 26. Shanghai Metals Market (SMM) […]

FASSI Srl | LME aluminium to open higher at US$1920t, Shanghai aluminium ends lower

LME aluminium to open higher at US$1920/t, Shanghai aluminium ends lower

The London Metal Exchange market remained closed till Monday, April 17, for the Easter Holidays. Shanghai Metals Market (SMM) expects that LME aluminium will open higher at US$1,920-1,965 per tonne on Tuesday, April 18 (at 15:00). The market will watch out for the price support at lows, analysts observe. The benchmark price of aluminium on […]