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[Al] CBI Morning Review - 2009/1/9 Aluminum Market
Dec 7, 2009 13:16Source:SMM
SHANGHAI, Jan. 9 (CBI China) -- The impact of commodity Index adjustment on the base metals market gradually faded, the overnight London metals rebound rationally, overnight three-month LME aluminum closed at USD 1,555/mt, only down USD 35/mt, the inventory increased further to 2.3942 million mt. LME aluminum was on the trend of following due to market information shortage. Domestic prices sentiment continued to fall after surged, the violent competition between the long and the short caused strong fluctuations during the day, and the dominant contract tested RMB 11,500/mt today.
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