Home > News > UK

MARKET TALK: LME Aluminum Range Bound; Producer Selling Caps

Monday, Apr 16, 2007
点击:

LME aluminum higher on bullish tone in base metals, fund buying, but producer sales cap upside at $2,900 short-term, says trader at major Japan house. LME 3-month aluminum +$18 on London Friday PM kerb at $2,830/ton. Trader adds producer selling should be steady on aluminum's weaker fundamental outlook, but speculative, fund buying should support aluminum above $2,700, rally towards $3,000 still a possibility as market could push aluminum higher to trigger strikes for large call options near or above $3,000 for June prompt.

Recommended exhibitions

16TH ARAB INTERNATIONAL ALUMINIUM CONFERENCE
  ARABAL, which is being organized and hosted by Qatalum, is the premier trade event for the Middle East's aluminium i......
Aluminium 2012
  ALUMINIUM is the leading B2B platform in the world for the aluminium industry and its main applications. This is whe......
The 4th edition of Zak Aluminum Extrusions Expo
 Date

  14th - 16th December 2012

  Venue

  Pragati Maidan,

  New Delhi,India.

  Exhibition Timings

 ......
ALUMINIUM DUBAI 2011
Name:ALUMINIUM DUBAI 2011
Time:2011-5-9 to 2011-5-11
Place:Dubai International Convention & Exhibition Centre, Dubai, UAE......