SHANGHAI, Nov. 30 (SMM) – SHFE 1602 aluminum, the most active one, should rise to RMB 10,150-10,350/mt on Monday as market will continue to digest output cuts.
See forecast for other base metals, please click: Declines to Return in Base Metal Market This Week, SMM Says
In China’s spot market, stocks have been falling for two consecutive weeks. This will keep spot discounts in check at RMB 130-90/mt over SHFE front-month contract.
Key Macroeconomic Indicators for Base Metal Prices (2015-11-30)