SHFE Aluminum to Continue Finding Support from Output Cut News in China (2015-12-3)

Published: Dec 3, 2015 09:36

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SHFE 1602 aluminum, the most active one, should move between RMB 10,230-10,390/mt on Thursday as market will continue digest news on output cuts at Chinese aluminum smelters.

SHANGHAI, Dec. 3 (SMM) – SHFE 1602 aluminum, the most active one, should move between RMB 10,230-10,390/mt on Thursday as market will continue digest news on output cuts at Chinese aluminum smelters.

See forecast for other base metals, please click: Volatility up in Base Metal Market on Sensitive News, SMM Says

In China’s spot market, spot discounts are expected at RMB 140-100/mt over SHFE front-month contract. The price spread between SHFE 1512 and 1601 aluminum contracts is nearly RMB 90/mt.

Key Macroeconomic Indicators for Base Metal Prices (2015-12-3)

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