21 SEPTEMBER 2015Shanghai Metal Market
Pre-holiday stocking to support China aluminium prices this week
Edited by : AL CIRCLE
1 min read
Spot aluminum prices in China will draw support since buying will pick up before upcoming Mid-Autumn Festival and Chinese National Day holiday (Oct. 1-7), says Shanghai Metals Market (SMM).
Spot discounts of 50 yuan per tonne are expected over Shanghai Futures Exchange (SHFE) 1510 aluminum.
Aluminum on London Metal Exchange (LME) might hold between $1,600-1,630 per tonne until market trend clears up. SHFE 1512 aluminum, the most active contract, could hover around 12,000 yuan per tonne.
Spot discounts of 50 yuan per tonne are expected over Shanghai Futures Exchange (SHFE) 1510 aluminum.
Aluminum on London Metal Exchange (LME) might hold between $1,600-1,630 per tonne until market trend clears up. SHFE 1512 aluminum, the most active contract, could hover around 12,000 yuan per tonne.
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
Debt deal helps Bosnia's Aluminij return to profit in first-half
Next articleAlba conducts ‘Market Downturn’ workshop for management
Grow with
AL Circle
