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

Published: Dec 30, 2015 09:46

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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)

SHFE aluminum prices aluminum prices Al price base metal price forecast

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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