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Home / Metal News / Spot Discounts to Narrow in China Aluminum Market on Falling Stocks (2015-12-4)

Spot Discounts to Narrow in China Aluminum Market on Falling Stocks (2015-12-4)

iconDec 4, 2015 09:49
In China’s spot market, spot discounts are expected to narrow to RMB 140-100/mt over SHFE front-month contract, due to falling stocks.

SHANGHAI, Dec. 4 (SMM) –In China’s spot market, spot discounts are expected to narrow to RMB 140-100/mt over SHFE front-month contract, due to falling stocks.

See forecast for other base metals, please click: Markets Stay Cautious ahead of US Non-farm Data after Drama Night, SMM Says

Market will continue to digest news on output cuts at Chinese aluminum smelters. A lack of buying interest and easing of selling pressure will keep SHFE 1602 aluminum, the most active one, in check between RMB 10,100-10,250/mt on Friday.

Key Macroeconomic Indicators for Base Metal Prices (2015-12-4)










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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