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Home / Metal News / High Premiums Expected in China Spot Aluminum Market (2016-9-30)

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

iconSep 30, 2016 09:35
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
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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