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SHFE Aluminum to Remain Strong on Output Cut News (2015-11-27)
Nov 27, 2015 09:44SHFE 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 exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.
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