SHFE Aluminum to Rise Further as Output Cuts Spread (2015-11-30)

Published: Nov 30, 2015 09:40

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SHFE 1602 aluminum, the most active one, should rise to RMB 10,150-10,350/mt on Monday as market will continue to digest output cuts.

SHANGHAI, Nov. 30 (SMM) – SHFE 1602 aluminum, the most active one, should rise to RMB 10,150-10,350/mt on Monday as market will continue to digest output cuts.

See forecast for other base metals, please click: Declines to Return in Base Metal Market This Week, SMM Says

In China’s spot market, stocks have been falling for two consecutive weeks. This will keep spot discounts in check at RMB 130-90/mt over SHFE front-month contract.

Key Macroeconomic Indicators for Base Metal Prices (2015-11-30)

SHFE aluminum prices aluminum prices Al price base metal price forecast

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