Author：Site  Source：Network  Click to rate：1189  Post time：2015-11-24

SHANGHAI, Nov. 24 (SMM) – SHFE 1602 aluminum, the most active one, should have little downside room as more Chinese smelters are likely to cut output. 

SHFE 1602 aluminum should move at RMB 9,650-9,750/mt on Tuesday. All smelters in China will suffer losses once aluminum prices fall to near RMB 9,500/mt.  

In China’s spot market, demand will remain poor, and spot discounts are expected at RMB 130-90/mt over SHFE front-month contract.