Home / Metal News / SHFE Aluminum to Resist Declines (2016-3-31)

SHFE Aluminum to Resist Declines (2016-3-31)

iconMar 31, 2016 09:30
Source:SMM
SHFE 1605 aluminum proved resistant to declines and is expected to move at RMB 11,700-11,800/mt on Thursday.

SHANGHAI, Mar. 31 (SMM) – SHFE 1605 aluminum proved resistant to declines and is expected to move at RMB 11,700-11,800/mt on Thursday. 

LME aluminum will range USD 1,488-1,510/mt, with support at the 5-day moving average.

In China’s spot aluminum market, spot discounts of RMB 0-40/mt are expected over SHFE 1604 aluminum contract. 

Key Macroeconomic Indicators for Base Metal Prices (2016-3-31)



SHFE aluminum prices
aluminum prices
Al price
base metal price forecast

For queries, please contact Michael Jiang at michaeljiang@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news