Aluminum Prices Stabilize, But Demand Remains Soft ...Middle East

OILPRICE - Economy
Aluminum Prices Stabilize, But Demand Remains Soft
source : OILPRICE ( Middle East ) () 35
Via AG Metal Miner After substantial declines throughout September, this month’s aluminum prices appear strong compared to other metals. Aluminum prices hit a bottom in late September, but rebounded during the first week of October. Should prices continue to break out of range upward, it would indicate a halt of the downtrend amid building bullish sentiment. Despite the recent bounces, however, the momentum of the long-term macro downtrend will continue to add pressure to the index. The Aluminum Monthly Metals Index (MMI) dropped 8.04% from…

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