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DashboardDatabaseProReportsEventsConsultingSHANGHAI, 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)
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