11 APRIL 2016Shanghai Metals Market
LME aluminium to face technical correction
Edited by : AL CIRCLE
1 min read
LME aluminium is likely to face technical correction early this week and move at USD 1,505-1,530/mt, predicted SMM.
China’s March CPI and PPI are expected to beat forecast. SHFE 1606 aluminium will move at RMB 11,700-11,800/mt, with market sentiment improving.
In China’s spot aluminium market, spot discounts of RMB 0-20/mt and spot premiums of RMB 0-20/mt are expected over SHFE 1604 aluminium contract.
China’s March CPI and PPI are expected to beat forecast. SHFE 1606 aluminium will move at RMB 11,700-11,800/mt, with market sentiment improving.
In China’s spot aluminium market, spot discounts of RMB 0-20/mt and spot premiums of RMB 0-20/mt are expected over SHFE 1604 aluminium contract.
Unlock full access – sign up for FREE.
Key benefits
Find exclusive data-driven insights and in-depth analysis
Get our daily newsletter delivered straight to your inbox
Access real-time and historical price trends from global indices
Post and respond to latest business leads
Stay ahead with alerts on learning tools
...and so much more!SIGN UP / LOGIN
Previous article
TPM outcome to provide NZ Aluminium Smelters with $30 mln p.a. transmission cost relief
Next articleLME aluminium neutral in a range of $1,498- $1,519
Grow with
AL Circle
