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

Published: Apr 14, 2016 09:24

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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

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