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Spot Discounts to Narrow in China Aluminum Market on Falling Stocks (2015-12-4)
Dec 4,2015 09:49CST
price review forecast
Source: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.

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

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