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

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

Dec 10, 2015 09:41

Source: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.

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

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

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