SHANGHAI, Sep. 30 (SMM) –In east China’s spot aluminum market, spot premiums of RMB 560-600/mt are expected over SHFE 1610 aluminum contract.
LME aluminum will move at USD 1,660-1,680/mt, and SHFE 1611 aluminum will fluctuate at RMB 12,200-12,400/mt with growing risk aversion before upcoming holiday and eyes on Caixin China manufacturing PMI.
Key Macroeconomic Indicators for Base Metal Prices (2016-9-30)