SHFE Aluminum to Move in Tight Range (2015-12-15)

Published: Dec 15, 2015 09:42

Save

SHFE 1602 aluminum is expected to move in a tight range of RMB 10,546-10,710/mt on Tuesday on caution before result of meeting on aluminum stockpiling.

SHANGHAI, Dec. 15 (SMM) –SHFE 1602 aluminum is expected to move in a tight range of RMB 10,546-10,710/mt on Tuesday on caution before result of meeting on aluminum stockpiling.

See forecast for other base metals, please click: Diverging Trends to Intensify in Base Metal Market, SMM Says

LME aluminum should move at USD 1,474-1,502/mt.

Spot discounts in China are expected at RMB 140-100/mt over SHFE front-month contract.

Key Macroeconomic Indicators for Base Metal Prices (2015-12-15)

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.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

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

Related News

44 mins ago

High Copper Prices and Weakening Demand Dampen Production Enthusiasm at Copper Cathode Rod Enterprises [SMM Analysis]

44 mins ago

51 mins ago

Soaring energy prices intensify inflation concerns, stronger US dollar drags copper prices down [SMM Copper Morning Comment]

51 mins ago

57 mins ago

Tivan Awarded New Turiscai Copper-Gold Licence in Timor-Leste

Tivan (ASX: TVN) was awarded Exploration and Evaluation Licence MEL2025-CA-ZC004, covering about 50 km2 immediately north of its Turiscai Project in Timor-Leste, through the country's Second Minerals Tender 2025 administered by the Autoridade Nacional dos Minerais. Following formal grant the Turiscai Project expands from seven to eight licences totalling about 394 km2, consolidating the company's regional footprint. Tivan is targeting copper-gold mineralisation of porphyry and VMS style; rock-chip sampling has returned up to 23.1% Cu, 7.19 g/t Au and 6.17% Zn. The company plans geological mapping, surface geochemistry and a magnetic drone survey, with maiden drilling scheduled for the December quarter 2026.

57 mins ago