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Home / Metal News / Spot Discounts in China Aluminum Market to Expand on Growing Post-Holiday Stocks (2016-2-15)

Spot Discounts in China Aluminum Market to Expand on Growing Post-Holiday Stocks (2016-2-15)

iconFeb 15, 2016 09:52
Spot discounts in China’s spot aluminum market will expand to RMB 110-70/mt, due to growing stocks after the week-long holiday and nearing delivery date of SHFE 1602 aluminum contract.

SHANGHAI, Feb. 15 (SMM) – Spot discounts in China’s spot aluminum market will expand to RMB 110-70/mt, due to growing stocks after the week-long holiday and nearing delivery date of SHFE 1602 aluminum contract. 

LME aluminum should move at USD 1,490-1,520/mt, and RMB 10,740-10,840/mt for SHFE 1604 aluminum.    

Key Macroeconomic Indicators for Base Metal Prices (2016-2-15)




​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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