SMM Aluminum Market Morning Review (2013-4-1)

SHANGHAI, Apr. 1 (SMM) – Although markets are optimistic over China’s March manufacturing PMI, stricter controls on housing markets and worries over the European debt crisis will keep aluminum prices in check. LME market remains closed today. SHFE 1306 aluminum contract is expected to move within RMB 14,550-14,650/mt after opening at RMB 14,600/mt on Monday. Liquidity tightness has eased as the month starts, but wait-and-see will dominate spot markets, with spot discounts expected between RMB 40-80/mt.