SHANGHAI, Aug. 28 (SMM) – Aluminum prices in China’s spot market will draw support from restocking activity before the upcoming three-day holiday, Shanghai Metals Market foresees.
Spot aluminum should trade at discounts of 50-90 yuan per tonne over SHFE 1509 aluminum contract.
SHFE 1511 aluminum might continue testing resistance at the 10-day moving average, namely 11,950 yuan per tonne.
LME aluminum should hover around $ 1,550 per tonne if it fails to break through the 20-day moving average.
China has set September 3 as a public holiday in celebration of Victory against Japanese Aggression.
For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.
![[Análisis de SMM] Importaciones de concentrado de zinc de China: perspectivas para septiembre](https://imgqn.smm.cn/usercenter/EviJV20251217171754.jpg)
![Con la demanda de acopio invernal, las fundiciones compran activamente; ¿cuáles son las expectativas para el volumen de importación de mineral de China en septiembre? [Análisis de SMM]](https://imgqn.smm.cn/usercenter/TeRBO20251217171754.jpg)
![Análisis de importación y exportación de óxido de zinc en agosto: las exportaciones brillan y Vietnam sigue siendo el principal destino de exportación [Análisis de SMM]](https://imgqn.smm.cn/usercenter/qTzTI20251217171754.jpg)
