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[Al] CBI Morning Review - 2009/1/7 Aluminum Market
Dec 7, 2009 13:16Source:SMM
SHANGHAI, Jan. 7 (CBI China) -- Dow Jones AIG index will adjust its commodity index weight during January 9th to 15th and may increase the proportion of copper. This news led the first sharp increases in London metal market, LME copper increased by 7%, being USD 3,400/mt again. Overnight three-month LME aluminum closed at USD 1,625/mt, up USD 74.5/mt, changing the previous downward trend in the short term. LME aluminum fundamentals did not change much, following the trend of other base metals. Domestic market prices will continue the upward trend.
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