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Home / Metal News / SHFE Aluminum to Rise Further as Output Cuts Spread (2015-12-1)

SHFE Aluminum to Rise Further as Output Cuts Spread (2015-12-1)

iconDec 1, 2015 09:37
SHFE 1602 aluminum, the most active one, should consolidate between RMB 10,040-10,140/mt on Tuesday, due to intense gain between longs and shorts.

SHANGHAI, Dec. 1 (SMM) – SHFE 1602 aluminum, the most active one, should consolidate between RMB 10,040-10,140/mt on Tuesday, due to intense gain between longs and shorts. 

See forecast for other base metals, please click: Shanghai Base Metals to Diverge, SMM Says

In China’s spot market, aluminum processors will show low buying interest. Spot discounts are expected at RMB 160-120/mt over SHFE front-month contract. 

Key Macroeconomic Indicators for Base Metal Prices (2015-12-1)




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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