Non-ferrous
Non-ferrous
Base Metals
Rare Earth
Scrap Metals
Minor Metals
Precious Metals
New Energy
Price CenterDatabaseProReportsEventsCar Insight
Language: 
[Al] SMM Morning Review - 2009/10/26 Aluminum Market
Dec 7, 2009 13:16Source:SMM
SHANGHAI, Oct. 26 (SMM) -- LME aluminum prices opened at USD 1,968/mt last Friday, and later hit the daily high of USD 2,000/mt, with greater pressure, but then dropped due to profit-takings, and hit the daily low of USD 1,957/mt negatively affected by rebounding US dollar, and closed at USD 1,974/mt finally.
The National Association of Realtors released on Friday that the US existing home sales in September grew by 9.4% to an annual rate of 5.57 million units, higher than previous forecast of 5.35 million units, hitting a new high since July 2007. The positive housing data became the major driving force for LME aluminum prices to test the pressure level of USD 2,000/mt. However, the US dollar index rebounded continuously to a daily high of 75.45, resulting in profit-takings of LME aluminum.
LME aluminum prices will continue to test the pressure level of USD 2,000/mt in the near future. SHFE aluminum prices lacked upward momentum due to sufficient market supply, and are expected to fluctuate around RMB 15,000/mt narrowly today.
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- Oct20
Li-ION BATTERY China
Oct 20 - 21,2025Xiamen, China
- Oct20
APAC (10th) Stainless Steel Industry Conference 2025
Oct 20 - 21,2025Xiamen, China
- Oct22
2025 15th APAC TIN INDUSTRY CONFERENCE
Oct 22 - 24,2025The 2025 Tin Industry Annual Conference will focus on "Opportunities and Challenges in a New Era.Yunnan · Gejiu
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.
