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Home / Metal News / SHFE Aluminum to Gather More Strength (2016-1-8)

SHFE Aluminum to Gather More Strength (2016-1-8)

Jan 8, 2016 09:42

Source:SMM

SHFE 1603 aluminum bottomed out during Thursday’s night session, and should rise further to RMB 10,520-10,818/mt on Friday.

SHANGHAI, Jan. 8 (SMM) –SHFE 1603 aluminum bottomed out during Thursday’s night session, and should rise further to RMB 10,520-10,818/mt on Friday.

LME aluminum is expected to move at USD 1,450-1,478/mt.

See forecast for other base metals, please click: Shanghai Market Faces Pressure on Nervousness in China Stock Prices

In China’s spot market, spot discounts will widen to RMB 160-200/mt over SHFE 1601 contract.

Key Macroeconomic Indicators for Base Metal Prices (2016-1-8)

SHFE aluminum prices

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