SHFE Aluminum to Outperform LME Aluminum (2015-12-7)

Published: Dec 7, 2015 09:47

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Aluminum output cuts in China will allow SHFE aluminum to outperform LME aluminum to Monday, with prices for SHFE 1602 aluminum expected at RMB 10,300-10,450/mt.

SHANGHAI, Dec. 7 (SMM) – Aluminum output cuts in China will allow SHFE aluminum to outperform LME aluminum to Monday, with prices for SHFE 1602 aluminum expected at RMB 10,300-10,450/mt.

LME aluminum will move between USD 1,490-1,520/mt.

See forecast for other base metals, please click: Volatility at Lows to Grow in Base Metal Prices This Week, SMM Says

In China’s spot market, spot discounts are expected at RMB 130-80/mt over SHFE front-month contract.

Key Macroeconomic Indicators for Base Metal Prices (2015-12-7)

SHFE aluminum prices aluminum prices Al price base metal price forecast

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