SHANGHAI, Mar. 7 (SMM) –SHFE 1605 aluminum is expected to stay firm at RMB 11,470-11,650/mt on Monday, but investors should also beware of possible short selling at highs for hedging purpose.
LME aluminum will move at USD 1,570-1,600/mt.
In China’s spot aluminum market, spot discounts of RMB 80-40/mt are expected over SHFE front-month aluminum contract.
Key Macroeconomic Indicators for Base Metal Prices (2016-3-7)