SHANGHAI, Apr. 14 (SMM) –SHFE 1606 aluminum has found solid support at RMB 12,000/mt, and is expected to remain firm at RMB 11,950-12,100/mt on Thursday.
LME aluminum will move at highs of USD 1,540-1,570/mt.
In China’s spot aluminum market, spot discounts of RMB 0-20/mt and spot premiums of RMB 0-20/mt are expected over SHFE 1604 aluminum contract.
Key Macroeconomic Indicators for Base Metal Prices (2016-4-14)