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

Published: Nov 26, 2015 09:37

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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 base metal price forecast

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