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

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

Price Review & Forecast 09:20:39AM Apr 01, 2013 Source:SMM

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.


 

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

Price Review & Forecast 09:20:39AM Apr 01, 2013 Source:SMM

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.