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Home / Metal News / SHFE Aluminum to Gather Strength (2015-12-29)

SHFE Aluminum to Gather Strength (2015-12-29)

iconDec 29, 2015 09:39
Source:SMM
SHFE 1603 aluminum will regained RMB 10,600/mt mark overnight and should move between RMB 10,490-10,720/mt on Tuesday.

SHANGHAI, Dec. 29 (SMM) –SHFE 1603 aluminum will regained RMB 10,600/mt mark overnight and should move between RMB 10,490-10,720/mt on Tuesday.

See forecast for other base metals, please click: Strong Dollar to Pressure the Light Trading Market, SMM Says

LME aluminum should range USD 1,520-1,535/mt. 

In China’s spot market, spot discounts of RMB 0-10/mt and spot premiums of RMB 0-10/mt are expected over SHFE 1601 contract. 

Key Macroeconomic Indicators for Base Metal Prices (2015-12-29)




​SHFE aluminum prices
aluminum prices
Al price
base metal price forecast

For queries, please contact Michael Jiang at michaeljiang@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

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