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SHFE Aluminum to Remain Strong on Output Cut News (2015-11-27)
Nov 27,2015 09:44CST
price review forecast
Source: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.

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)  




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