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SHFE Aluminum to Rise on Output Cut News (2015-11-25)
Nov 25, 2015 09:24Source:SMM
SHFE 1602 aluminum, the most active one, should rise to RMB 9,770-9,900/mt on Wednesday as rumor says that more Chinese smelters will cut output.
SHANGHAI, Nov. 25 (SMM) – SHFE 1602 aluminum, the most active one, should rise to RMB 9,770-9,900/mt on Wednesday as rumor says that more Chinese smelters will cut output.
See forecast for other base metals, please click: Shanghai Base Metals to See Short-Covering Rally, SMM Says
In China’s spot market, spot discounts are expected to widen to RMB 140-100/mt over SHFE front-month contract.
Key Macroeconomic Indicators for Base Metal Prices (2015-11-25)
SHFE aluminum prices
aluminum prices
Al price
base metal price forecast
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.
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