SHFE Aluminum to Remain Strong (2015-12-28)

Published: Dec 28, 2015 09:51

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SHFE 1603 aluminum will challenge resistance at RMB 11,000/mt and move between RMB 10,880-10,110/mt on Monday, due to tight supply in spot market.

SHANGHAI, Dec. 28 (SMM) –SHFE 1603 aluminum will challenge resistance at RMB 11,000/mt and move between RMB 10,880-10,110/mt on Monday, due to tight supply in spot market.

See forecast for other base metals, please click: Base Metals to See Light Trading in Pre-holiday Week, with Firm Prices, SMM Says

Spot premiums in China are expected at RMB 10-40/mt over SHFE 1601 contract.

Key Macroeconomic Indicators for Base Metal Prices (2015-12-28)

SHFE aluminum prices aluminum prices Al price base metal price forecast

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