SMM App
AndroidiOS
Holiday Pricing ScheduleFREE TRIALCompliance CentreAnnouncements
gloablLanguage:  language-iconlanguage-iconlanguage-iconlanguage-iconlanguage-iconlanguage-iconlanguage-iconlanguage-icon
MarketsNews
Non-ferrous
Non-ferrous
Base Metals
Rare Earth
Scrap Metals
Minor Metals
Precious Metals
Ferrous Metals
Ferrous Metals
Iron Ore IndexIron Ore PriceCokeCoalPig IronSteel BilletFinished Steel
New Energy
New Energy
SolarLithiumCobaltCathode MaterialPhosphorusCarbon AnodeSeparatorElectrolyteBattery Cell And ModuleBattery RecyclingNickel And ManganeseOther MaterialsSodium-ion BatteryHydrogen Energy
Price CenterDatabaseProReportsEventsCar Insight
Home / Metal News / [Al] SMM Morning Review - 2009/11/11 Aluminum Market

[Al] SMM Morning Review - 2009/11/11 Aluminum Market

iconDec 7, 2009 13:16

SHANGHAI, Nov. 11 (SMM) -- LME aluminum prices opened at USD 1,950/mt yesterday, with the highest price of USD 1,971.2/mt and the lowest price of USD 1,934/mt, and closed at USD 1,952/mt finally. The trading volumes were 5,989 lots today. LME aluminum inventories continued to decline by 3,725mt to 4,535,900mt, boosting investor confidence, and LME aluminum prices have shown the strongest performance among base metals, but received great pressure due to drops in other base metal prices.

    Today, investors took a wait-and-see attitude, as China will release import and export data, which will deliver a direction to future market movement. The US dollar index was dampened by short positions last night, and fell to 74.9 today, which will help support base metal prices. 

    SHFE three-month contract aluminum prices will move around RMB 15,150/mt today, and particular attention should be paid to the impact from the release of Chinese economic data on base metal prices.

 

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
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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
MOST POPULAR
1.China Lithium Market Dynamics and Lithium Procurement Study
2.Battery Recycling Technology Understanding
3.Solid State Battery Market
4. China Scrap Steel Quality Analysis
5.China Scrap Steel Cost Curve
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.