SHFE Aluminum to Face Technical Correction (2016-5-4)-Shanghai Metals Market

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SHFE Aluminum to Face Technical Correction (2016-5-4)

Price Review & Forecast 09:32:07AM May 04, 2016 Source:SMM

SHANGHAI, May 4 (SMM) – Both SHFE and LME aluminum will see technical corrections on Wednesday after market digested the US Fed’s policy decision.

SHFE 1607 aluminum will move at RMB 12,550-12,700/mt, and USD 1,630-1,650/mt for LME aluminum. 

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 1605 aluminum contract.

Key Macroeconomic Indicators for Base Metal Prices (2016-5-4)





SHFE Aluminum to Face Technical Correction (2016-5-4)

Price Review & Forecast 09:32:07AM May 04, 2016 Source:SMM

SHANGHAI, May 4 (SMM) – Both SHFE and LME aluminum will see technical corrections on Wednesday after market digested the US Fed’s policy decision.

SHFE 1607 aluminum will move at RMB 12,550-12,700/mt, and USD 1,630-1,650/mt for LME aluminum. 

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 1605 aluminum contract.

Key Macroeconomic Indicators for Base Metal Prices (2016-5-4)