SHFE Aluminum to Find Support from Output Cuts in China (2015-12-2)

Published: Dec 2, 2015 10:25

Save

SHFE 1602 aluminum, the most active one, should move between RMB 10,250-10,400/mt on Wednesday, supported by output cuts at Chinese aluminum smelters.

SHANGHAI, Dec. 2 (SMM) – SHFE 1602 aluminum, the most active one, should move between RMB 10,250-10,400/mt on Wednesday, supported by output cuts at Chinese aluminum smelters.

See forecast for other base metals, please click: Shanghai Base Metal Prices to Get Support from Cut News, SMM Says

In China’s spot market, some aluminum processors will go bargain hunting. Spot discounts are expected at RMB 150-110/mt over SHFE front-month contract.

Key Macroeconomic Indicators for Base Metal Prices (2015-12-2)

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 communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn