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SMM Morning Review - 2011/12/28 Aluminum Market
Dec 28,2011 09:57CST
smm insight
Source:SMM
SMM expects LME aluminum to move between USD 2,000-2,040/mt and SHFE aluminum for three-month delivery between RMB 15,800-15,900/mt during today's trading.

SHANGHAI, Dec. 28 (SMM) – Support from the strong consumer confidence in the US was weakened by mixed manufacturing data. Further more, closely followed Christmas Day and New Year’s Day have kept most investors on the sidelines, thereby depressing transaction volumes. As such, SMM expects LME aluminum to move narrowly between USD 2,000-2,040/mt and SHFE aluminum for three-month delivery between RMB 15,800-15,900/mt. Due to weak demand, the spot market remains buyers’ market and spot discounts over the SHFE current-month aluminum price are expected to stay between RMB 10-30/mt.

aluminum price
aluminum Al
LME aluminum
SHFE aluminum

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