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Home / Metal News / SHFE Aluminum to Hover at Highs (2016-3-3)

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

iconMar 3, 2016 09:17
Source: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.

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
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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