High Premiums Expected in China Spot Aluminum Market (2016-9-30)

Published: Sep 30, 2016 09:35

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In east China’s spot aluminum market, spot premiums of RMB 560-600/mt are expected over SHFE 1610 aluminum contract.

SHANGHAI, Sep. 30 (SMM) –In east China’s spot aluminum market, spot premiums of RMB 560-600/mt are expected over SHFE 1610 aluminum contract.

LME aluminum will move at USD 1,660-1,680/mt, and SHFE 1611 aluminum will fluctuate at RMB 12,200-12,400/mt with growing risk aversion before upcoming holiday and eyes on Caixin China manufacturing PMI.

Key Macroeconomic Indicators for Base Metal Prices (2016-9-30)

SHFE aluminum prices aluminum prices Al price base metal price forecast

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