SMM Aluminum Market Morning Review (2015-7-6)

게시됨: Jul 06, 2015 09:14 (GMT+8)
Despite positive euro zone economic data, risk aversion before the referendum in Greece caused LME aluminum to fall last Friday.
SHANGHAI, Jul. 6 (SMM) – Despite positive euro zone economic data, risk aversion before the referendum in Greece caused LME aluminum to fall last Friday. LME aluminum climbed to USD 1,730/mt after opening at USD 1,717/mt last Friday, but then fell to end at an intraday low of USD 1,705/mt. Trading volumes were down 5,889 lots to 6,103 lots, and positions were up 7,783 to 886,657. 
 
Last Friday night, SHFE 1509 aluminum contract fell to RMB 12,600/mt after opening at RMB 12,655/mt. But the contract then rebounded to end the night session at RMB 12,620/mt. Trading volumes totaled 7,672 lots, and positions were down 620 lots to 127,386 lots. 
 
Most voters rejected demands by international creditors for more austerity measures in exchange for a bailout of its bankrupt economy in Sunday’s referendum. This will push Greece closer to exit of the euro zone. The US dollar index jumped as a result today, which will pressure base metals. SHFE 1509 aluminum contract is expected to drop to RMB 12,500-12,600/mt on Monday. In China’s spot market, wait-and-see sentiment will grow amid falling prices, with spot discounts of RMB 60-100/mt expected over SHFE 1507 aluminum contract.
   
 

데이터 출처 설명: 공개 정보를 제외한 모든 데이터는 SMM이 공개 정보, 시장 커뮤니케이션 및 SMM 내부 데이터베이스 모델을 기반으로 가공한 것입니다. 본 자료는 참고용이며 의사결정 권고를 구성하지 않습니다.

문의 사항이 있거나 자세한 정보를 원하시면 아래로 연락해 주시기 바랍니다: lemonzhao@smm.cn
리서치 보고서 열람 방법에 대한 자세한 내용은 아래로 문의하시기 바랍니다:service.en@smm.cn