SHANGHAI, Mar. 3 (SMM) –SHFE 1605 aluminum has found solid support at the 5-day moving average, and should move highs at RMB 11,300-11,420/mt on Thursday.
LME aluminum should move at USD 1,5801,610/mt.
In China’s spot aluminum market, spot discounts of RMB 80-40/mt are expected over SHFE front-month aluminum contract.
Key Macroeconomic Indicators for Base Metal Prices (2016-3-3)