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Home / Metal News / SHFE Aluminum to Rise on Short Covering (2015-12-30)

SHFE Aluminum to Rise on Short Covering (2015-12-30)

Dec 30, 2015 09:46

Source:SMM

SHFE 1603 aluminum will extend gains on Wednesday on short covering, and move between RMB 10,690-10,910/mt.

SHANGHAI, Dec. 30 (SMM) –SHFE 1603 aluminum will extend gains on Wednesday on short covering, and move between RMB 10,690-10,910/mt.

See forecast for other base metals, please click: Diverging Trends Expected in Base Metal Market, SMM Says

LME aluminum should range USD 1,504-1,527/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 (2015-12-30)

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