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Home / Metal News / SHFE Aluminum to Remain Firm (2016-4-14)

SHFE Aluminum to Remain Firm (2016-4-14)

iconApr 14, 2016 09:24
SHFE 1606 aluminum has found solid support at RMB 12,000/mt, and is expected to remain firm at RMB 11,950-12,100/mt on Thursday.

SHANGHAI, Apr. 14 (SMM) –SHFE 1606 aluminum has found solid support at RMB 12,000/mt, and is expected to remain firm at RMB 11,950-12,100/mt on Thursday.    

LME aluminum will move at highs of USD 1,540-1,570/mt. 

In China’s spot aluminum market, spot discounts of RMB 0-20/mt and spot premiums of RMB 0-20/mt are expected over SHFE 1604 aluminum contract. 

Key Macroeconomic Indicators for Base Metal Prices (2016-4-14)




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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