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Home / Metal News / SHFE Aluminum to Return Above RMB 10,000/mt on Output Cut News (2015-11-26)

SHFE Aluminum to Return Above RMB 10,000/mt on Output Cut News (2015-11-26)

Nov 26, 2015 09:37

Source:SMM

SHFE 1602 aluminum, the most active one, should rise to RMB 9,950-10,150/mt on Thursday, driven by output cut news.

SHANGHAI, Nov. 26 (SMM) – SHFE 1602 aluminum, the most active one, should rise to RMB 9,950-10,150/mt on Thursday, driven by output cut news.

It is said that Yunnan Aluminum, Hengkang Aluminum, Henan Shenhuo Aluminum, among others, announced output cut.

See forecast for other base metals, please click: Base Metals Close with Gains Despite Strong Dollar, SMM Says

In China’s spot market, spot discounts are expected to widen to RMB 140-180/mt over SHFE front-month contract.

Key Macroeconomic Indicators for Base Metal Prices (2015-11-26)

SHFE aluminum prices

aluminum prices

Al price

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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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SHFE Aluminum to Return Above RMB 10,000/mt on Output Cut News (2015-11-26)

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