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[Al] CBI Morning Review - 2008/12/26 Aluminum Market
Dec 7, 2009 13:16Source:SMM
SHANGHAI, Dec. 26 (CBI China) -- LME aluminum closed yesterday for the Christmas holidays. Yesterday domestic aluminum prices surged due to the reserves news. However, as part of the longs withdrew from the trading after profit-taking in the afternoon, at-the-close order rose slightly. From yesterday's performance of the spot market, the downstream was unlikely to accept the higher prices, with sluggish market sentiment. SHFE aluminum prices are likely to fall significantly today, the dominant contract will test the price at RMB 11000/mt, but with fewer support.
Copyright © 2008, CBI (Shanghai) Co., Ltd. All Rights Reserved.
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