[Al] CBI Morning Review - 2009/5/26 Aluminum Market-Shanghai Metals Market

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[Al] CBI Morning Review - 2009/5/26 Aluminum Market

SMM Insight 01:16:23PM Dec 07, 2009 Source:SMM

SHANGHAI, May 26 (CBI China) -- LME market was closed yesterday, North Korea announced their success of nuclear explosions, and the market concerns over risk avoidance were limited, so US dollar index still slip slightly. The supply surplus still existed in domestic aluminum market, but the apparent supply shortages caused by some suppliers in the short term helped support the aluminum price effectively. While SHFE aluminum position continued to decline, indicating the increasing market concerns on the aluminum. SHFE aluminum price is expected to fluctuate narrowly in the short term.

 

Copyright © 2009, CBI (Shanghai) Co., Ltd. All Rights Reserved.

None of this material may be used for any commercial or public use in any form or means, without the prior written consent of CBI China. For reproduction issue, please contact us by email: metalresearch@cbichina.com or tel:86-21-51550040

[Al] CBI Morning Review - 2009/5/26 Aluminum Market

SMM Insight 01:16:23PM Dec 07, 2009 Source:SMM

SHANGHAI, May 26 (CBI China) -- LME market was closed yesterday, North Korea announced their success of nuclear explosions, and the market concerns over risk avoidance were limited, so US dollar index still slip slightly. The supply surplus still existed in domestic aluminum market, but the apparent supply shortages caused by some suppliers in the short term helped support the aluminum price effectively. While SHFE aluminum position continued to decline, indicating the increasing market concerns on the aluminum. SHFE aluminum price is expected to fluctuate narrowly in the short term.

 

Copyright © 2009, CBI (Shanghai) Co., Ltd. All Rights Reserved.

None of this material may be used for any commercial or public use in any form or means, without the prior written consent of CBI China. For reproduction issue, please contact us by email: metalresearch@cbichina.com or tel:86-21-51550040