SHANGHAI, Sept. 19 (SMM) – Spot aluminum prices in China will draw support since buying will pick up before upcoming Mid-Autumn Festival and Chinese National Day holiday (Oct. 1-7), SMM says.
Spot discounts of 50 yuan per tonne are expected over SHFE 1510 aluminum.
LME aluminum might hold between $1,600-1,630 per tonne until market trend clears up. SHFE 1512 aluminum, the most active contract, could hover around 12,000 yuan per tonne.
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