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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)

Sep 30, 2016 09:35

Source:SMM

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.

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SHFE aluminum prices

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Al price

base metal price forecast

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

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