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SHFE Aluminum to Remain Firm

Author:Site  Source:Network  Click to rate:1565  Post time:2016-04-14

SHANGHAI, Apr. 14 (SMM) –SHFE 1606 aluminum has found solid support at RMB 12,000/mt, and is expected to remain firm at RMB 11,950-12,100/mt on Thursday.   

LME aluminum will move at highs of USD 1,540-1,570/mt.

In China’s spot aluminum market, spot discounts of RMB 0-20/mt and spot premiums of RMB 0-20/mt are expected over SHFE 1604 aluminum contract.

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