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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)

iconJan 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
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 exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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