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Aluminum Prices to Shine among Base Metals Next Week
Dec 26,2015 14:43CST
smm insight
Source:SMM
Aluminum prices, both on the SHFE and LME, will continue gathering strength next week, as market will continue digesting positive news from China.

SHANGHAI, Dec. 26 (SMM) – Aluminum prices, both on the SHFE and LME, will continue gathering strength next week, as market will continue digesting positive news from China.

Aluminum stocks in China’s major trading markets have been falling for six weeks in a row and destocking accelerated with expanding production cuts.

This will drive SHFE 1603 aluminum up further to 11,000 yuan per tonne and allow spot aluminum in domestic market to trade at premiums over SHFE 1601 aluminum.  

A softer US dollar and strong SHFE aluminum will push LME aluminum up to $1,530-1,560 per tonne.

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Aluminum prices
LME aluminum prices
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