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

Published: Dec 1, 2015 09:37

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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

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