SHANGHAI, Dec. 29 (SMM) –SHFE 1603 aluminum will regained RMB 10,600/mt mark overnight and should move between RMB 10,490-10,720/mt on Tuesday.
See forecast for other base metals, please click: Strong Dollar to Pressure the Light Trading Market, SMM Says
LME aluminum should range USD 1,520-1,535/mt.
In China’s spot market, spot discounts of RMB 0-10/mt and spot premiums of RMB 0-10/mt are expected over SHFE 1601 contract.
Key Macroeconomic Indicators for Base Metal Prices (2015-12-29)