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SHFE Aluminum to Remain Strong on Output Cut News (2015-11-27)

SHFE 1602 aluminum, the most active one, should remain strong between RMB 10,380-10,405/mt on Friday, supported by output cut news. In China’s spot market, falling inventories and stable consumption will leave spot discounts at RMB 200-160/mt over SHFE front-month contract. ...

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SHFE Aluminum to Return Above RMB 10,000/mt on Output Cut News (2015-11-26)

SHFE 1602 aluminum, the most active one, should rise to RMB 9,950-10,150/mt on Thursday, driven by output cut news. It is said that Yunnan Aluminum, Hengkang Aluminum, Henan Shenhuo Aluminum, among others, announced output cut. In China’s spot market, spot ...

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SHFE Aluminum to Rise on Output Cut News (2015-11-25)

SHFE 1602 aluminum, the most active one, should rise to RMB 9,770-9,900/mt on Wednesday as rumor says that more Chinese smelters will cut output. In China’s spot market, spot discounts are expected to widen to RMB 140-100/mt over SHFE front-month ...

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SHFE Aluminum Has Little Room to Drop (2015-11-24)

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 ...

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China’s SHME says 2015 average domestic copper, aluminum prices to dip 17%, 8%

China’s Shanghai Metal Exchange forecast Tuesday domestic refined copper and refined aluminum prices would average Yuan 41,000/mt ($6,560/mt) and Yuan 12,500/mt in 2015, down 17% and 8% year on the year. In a report on its website, the exchange said ...

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Aluminum: It’s all about the oversupply

Deutsche Bank’s downside risk case for aluminum has come to pass. Sharply falling premiums have not been offset by a rising LME price, which has also fallen. The all in aluminum price has fallen by 21% year to date, exacerbated by less ...

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East China Aluminum Prices Down, Trading Thin (Jul. 6, 2015)

Spot aluminum largely traded between RMB 12,400-12,410/mt in Shanghai on Monday, discounts of RMB 80-100/mt over SHFE 1507 aluminum contract, versus RMB 12,400-12,410/mt in Wuxi, and RMB 12,420-12,430/mt in Hangzhou. Spot prices followed SHFE aluminum down sharply, but sellers did not panic. ...

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SHFE Aluminum Fell on Strong Selling Pressure (Jul. 3, 2015)

On Friday, SHFE 1509 aluminum contract fell to RMB 12,650/mt, but then rebounded to end at RMB 12,675/mt. Trading volumes totaled 21,954 lots, and positions were up 902 lots to 128,006 lots. Further price decline is expected due to selling pressures at ...

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Aluminum Demand Picks Up in East China (Jul. 3, 2015)

Spot aluminum largely traded between RMB 12,490-12,500/mt in Shanghai on Friday, discounts of RMB 90-100/mt over SHFE 1507 aluminum contract, versus RMB 12,480-12,490/mt in Wuxi, and RMB 12,510-12,520/mt in Hangzhou. Downstream demand picked up before the weekend, but ample supply prevented prices ...

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Aluminum Market Morning Review (2015-7-2)

LME aluminum rose above the 20-day moving average to USD 1,736/mt after opening at USD 1,695/mt on Wednesday. Finally, it ended a USD 1,728.5/mt. Trading volumes were up 5,403 lots to 17,104 lots, and positions were up 885 to 874,122. The macro ...

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