SHFE Aluminum to Remain Strong (2015-12-17)

Published: Dec 17, 2015 09:57

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SHFE 1602 aluminum should remain strong at RMB 10,658-10,433/mt on Thursday as longs dominate.

SHANGHAI, Dec. 17 (SMM) –SHFE 1602 aluminum should remain strong at RMB 10,658-10,433/mt on Thursday as longs dominate.

LME aluminum should move at USD 1,476-1,502/mt on Wednesday, challenging resistance at USD 1,500/mt.

See forecast for other base metals, please click: No Big Impact on Base Metal Prices from US Rate Hike, SMM Says

Spot discounts in China are expected at RMB 90-110/mt over SHFE front-month contract.

Key Macroeconomic Indicators for Base Metal Prices (2015-12-17)

SHFE aluminum prices aluminum prices Al price base metal price forecast

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