SHFE Aluminum to Remain Strong on Output Cut News (2015-11-27)

Published: Nov 27, 2015 09:44 (GMT+8)

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SHFE 1602 aluminum, the most active one, should remain strong between RMB 10,380-10,405/mt on Friday, supported by output cut news.

SHANGHAI, Nov. 27 (SMM) – SHFE 1602 aluminum, the most active one, should remain strong between RMB 10,380-10,405/mt on Friday, supported by output cut news.

See forecast for other base metals, please click: Short-Covering Strength to Wane, with Aluminum and Nickel Stronger, SMM Says

In China’s spot market, falling inventories and stable consumption will leave spot discounts at RMB 200-160/mt over SHFE front-month contract.

Key Macroeconomic Indicators for Base Metal Prices (2015-11-27)

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 communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

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