SHFE Aluminum to Stay Firm (2016-3-7)

Published: Mar 7, 2016 09:27

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SHFE 1605 aluminum is expected to stay firm at RMB 11,470-11,650/mt on Monday, but investors should also beware of possible short selling at highs for hedging purpose.

SHANGHAI, Mar. 7 (SMM) –SHFE 1605 aluminum is expected to stay firm at RMB 11,470-11,650/mt on Monday, but investors should also beware of possible short selling at highs for hedging purpose.

LME aluminum will move at USD 1,570-1,600/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 (2016-3-7)

SHFE aluminum prices aluminum prices Al price base metal price forecast

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