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Home / Metal News / SHFE Aluminum to Move Higher (2016-5-30)

SHFE Aluminum to Move Higher (2016-5-30)

iconMay 30, 2016 10:18
SHFE 1607 aluminum will rise to RMB 12,200-12,350/mt on Monday, with support at the 5-day and 40-day moving averages.

SHANGHAI, May 30 (SMM) –SHFE 1607 aluminum will rise to RMB 12,200-12,350/mt on Monday, with support at the 5-day and 40-day moving averages. 

LME is closed today for Bank Holiday.  

In China’s spot aluminum market, spot premiums of RMB 140-180/mt are expected over SHFE 1606 aluminum contract. 

Key Macroeconomic Indicators for Base Metal Prices (2016-5-30)




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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