Non-ferrous
Non-ferrous
Base Metals
Rare Earth
Scrap Metals
Minor Metals
Precious Metals
New Energy
Price CenterDatabaseProReportsEventsCar Insight
Language: 
[Al] SMM Morning Review - 2009/7/31 Aluminum Market
Dec 7, 2009 13:16Source:SMM
SHANGHAI, July 31 (SMM) -- Today, the US companies released their good earnings, and China's Central Bank guaranteed to maintain the previous loose credit policy. Last night, the US stocks created a new high this year positively affected by those two factors, while the US dollar index fell back to about 79.3, stimulating prices of bulk commodities to move up. Hence, base metal prices climbed as well.
LME aluminum prices stabilized at USD 1,800/mt supported by decreasing aluminum inventories, and then moved up again. Overnight LME aluminum three-month contract prices closed at USD 1,878.5/mt, up USD 84/mt. Spot discounts dropped to USD 24.5/mt. Today, it is reasonable for SHFE aluminum prices to move up, and aluminum prices are expected to inch up to test RMB 15,000/mt.
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
Aluminum Al
CBI China CBMB
Market movement
For queries, please contact Lemon Zhao at lemonzhao@smm.cn
For more information on how to access our research reports, please email service.en@smm.cn
SMM Events & Webinars
All- Oct14
SMM LME Metals Seminar 2025
Oct 14 - 14,2025London , the United Kingdom
- Oct20
Li-ION BATTERY China
Oct 20 - 21,2025Xiamen, China
- Oct20
APAC (10th) Stainless Steel Industry Conference 2025
Oct 20 - 21,2025Xiamen, China
Shanghai Metals Market
Privacy PolicyCompliance CentreSMM Credit ServiceContact UsAbout UsTerms & ConditionsSitemapHoliday Pricing Schedule
Notice: By accessing this site you agree that you will not copy or reproduce any part of its contents (including, but not limited to, single prices, graphs or news content) in any form or for any purpose whatsoever without the prior written consent of the publisher.
Drop us a line
service.en@smm.cn
How can we help you?
+86 021 5155-0306
Live chat via WhatsApp
Copyright © 2025 SMM Information & Technology Co., Ltd. All rights reserved.
