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Home / Metal News / SHFE Aluminum to Remain Strong (2015-12-28)

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

iconDec 28, 2015 09:51
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
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Al price
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Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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