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SMM Aluminum Market Morning Review (2015-4-7)
Apr 7, 2015 09:26Source:SMM
Despite depressed US non-farm payrolls, crude oil and gold prices rose significantly.
SHANGHAI, Apr. 7 (SMM) – Despite depressed US non-farm payrolls, crude oil and gold prices rose significantly. This should help push the most active SHFE aluminum contract up to RMB 13,360-13,410/mt on Tuesday. In China’s spot market, wait-and-see sentiment will rule the market at the beginning of the week, with spot discounts of RMB 90-130/mt expected over SHFE front-month aluminum contract.
LME aluminum prices
SHFE aluminum prices
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