SMM Aluminum Market Morning Review (2013-4-2)-Shanghai Metals Market

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SMM Aluminum Market Morning Review (2013-4-2)

Price Review & Forecast 09:05:23AM Apr 02, 2013 Source:SMM

SHANGHAI, Apr. 2 (SMM) – Worse-than-expected manufacturing PMI from China and the US will dampen market sentiment. LME aluminum should open at USD 1,900/mt and move within USD 1,865-1,905/mt on Tuesday. SHFE 1306 aluminum contract is expected to open at RMB 14,545/mt, with prices between RMB 14,500-14,600/mt. In spot market, trading activities will improve due to stock rebuilding before the Chinese Qingming holiday, with spot discounts expected between RMB 30-70/mt.

 

SMM Aluminum Market Morning Review (2013-4-2)

Price Review & Forecast 09:05:23AM Apr 02, 2013 Source:SMM

SHANGHAI, Apr. 2 (SMM) – Worse-than-expected manufacturing PMI from China and the US will dampen market sentiment. LME aluminum should open at USD 1,900/mt and move within USD 1,865-1,905/mt on Tuesday. SHFE 1306 aluminum contract is expected to open at RMB 14,545/mt, with prices between RMB 14,500-14,600/mt. In spot market, trading activities will improve due to stock rebuilding before the Chinese Qingming holiday, with spot discounts expected between RMB 30-70/mt.