SHFE Aluminum to Rise Further as Output Cuts SpreadAuthor：Site Source：Network Click to rate：1213 Post time：2015-11-30
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.
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.
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