20.04.2016 - China alumina prices supported as SHFE aluminum hits 8-month high
The Platts ex-works Shanxi alumina spot assessment stood at Yuan 1,980/mt ($306/mt) full cash terms on Tuesday, up Yuan 20 from Monday, up Yuan 30 on the week and Yuan 50 on the month. Alumina prices have been tracking domestic metal prices higher this week, and are expected to continue testing higher in the near term should aluminum prices remain supported, market participants said. The front-month aluminum contract on the Shanghai Futures Exchange hit an eight-month high on Tuesday to close at Yuan 12,020/mt. The last time the SHFE price was above this level was on August 14, 2015, when the front-month price settled at Yuan 12,030/mt...............................................Full Article: Source
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