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