SHFE Aluminum to Move Higher (2016-5-30)-Shanghai Metals Market

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

Price Review & Forecast 10:18:41AM May 30, 2016 Source:SMM

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 to Move Higher (2016-5-30)

Price Review & Forecast 10:18:41AM May 30, 2016 Source:SMM

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)