SHFE Aluminum to Hover at Highs (2016-3-3)

Published: Mar 3, 2016 09:17

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SHFE 1605 aluminum has found solid support at the 5-day moving average, and should move highs at RMB 11,300-11,420/mt on Thursday.

SHANGHAI, Mar. 3 (SMM) –SHFE 1605 aluminum has found solid support at the 5-day moving average, and should move highs at RMB 11,300-11,420/mt on Thursday.

LME aluminum should move at USD 1,5801,610/mt.

In China’s spot aluminum market, spot discounts of RMB 80-40/mt are expected over SHFE front-month aluminum contract.

Key Macroeconomic Indicators for Base Metal Prices (2016-3-3)

SHFE aluminum prices aluminum prices Al price base metal price forecast

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