Aluminum Prices to Hold Firm on Tight Supply in China (2015-12-24)

Published: Dec 24, 2015 09:33

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SHFE 1603 aluminum is expected to rise to RMB 10,850-10,950/mt on Thursday, as production cuts in China will lure longs in.

SHANGHAI, Dec. 24 (SMM) –SHFE 1603 aluminum is expected to rise to RMB 10,850-10,950/mt on Thursday, as production cuts in China will lure longs in.

See forecast for other base metals, please click: Base Metal Prices to Rise in Asian Trading Hours as LME closed, SMM Says

Spot discounts in China are expected to narrow to RMB 90-50/mt over SHFE 1601 contract.

Key Macroeconomic Indicators for Base Metal Prices (2015-12-24)

SHFE aluminum prices aluminum prices Al price base metal price forecast

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