SHFE Aluminum to Be Range-Bound Before Stockpiling Meeting Result (2015-12-10)

Published: Dec 10, 2015 09:41

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SHFE 1602 aluminum is expected to be range-bound between RMB 10,360-10,520/mt on Thursday as market will stay cautious before the result of meeting on aluminum stockpiling.

SHANGHAI, Dec. 10 (SMM) –SHFE 1602 aluminum is expected to be range-bound between RMB 10,360-10,520/mt on Thursday as market will stay cautious before the result of meeting on aluminum stockpiling.

LME aluminum should fluctuate between USD 1,480-1,505/mt.

See forecast for other base metals, please click: Shanghai Base Metal Prices to Rise on Positive News, SMM Says

In China’s spot market, suppliers will hold back goods, with spot discounts expected at RMB 110-90/mt over SHFE 1512 aluminum contract.

Key Macroeconomic Indicators for Base Metal Prices (2015-12-10)

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 communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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