Metals News
[Al] CBI Morning Review - 2008/12/31 Aluminum Market
data analysis
01:16PM
Dec 7,2009
Source:SMM

SHANGHAI, Dec. 31 (CBI China) -- U.S. government saved the auto giants once again, however, the reactions of financial markets were moderate. The trend of LME aluminum was opposite to the trend of other metals again, overnight three-month LME aluminum closed at USD 1510/mt, only down USD 10/mt. the spot discount increased to USD 38/mt, the inventory increased sharply by 49 kt to 2.302 million mt. The dominant contract is expected to fluctuate narrowly around RMB 11250/mt in domestic market.

 

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