Home / Metal News / Aluminium / 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 09:37CST
SMM Comments
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)    



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