Home / Metal News / SHFE Aluminum to Outperform LME Aluminum Next Week

SHFE Aluminum to Outperform LME Aluminum Next Week

iconDec 4, 2015 15:43
Source:SMM
SHFE aluminum will outperform LME aluminum next week on positive news from China, SMM expects.

SHANGHAI, Dec. 4 (SMM) –SHFE aluminum will outperform LME aluminum next week on positive news from China, SMM expects.

Capacity cuts in Chinese aluminum market are intensifying, which will cheer market up. This will push SHFE aluminum up to 10,300-10,500 yuan per tonne, SMM predicts. 

See SMM survey, please click: 32% of Chinese Aluminum Smelters Bullish toward Aluminum Prices This Week, SMM Survey

A firmer US dollar amid high expectations for US rate hike will keep LME aluminum in check between $1,470-1,500 per tonne. 

In China’s spot market, falling stocks will help narrow spot discounts to less than 100 yuan per tonne over SHFE front-month contract.  

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.


SHFE aluminum prices
LME aluminum prices
aluminum prices
al price
SMM 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.

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

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

Related news