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[Al] CBI Daily Review - 2009/4/7 Aluminum Market
SHANGHAI, Apr. 7 (CBI China) -- LME aluminum became strong in recent two days, and today SHFE aluminum rose in early trading and soared following the copper price trend in the afternoon. The obvious declines in spot premium indicate the aluminum price rose passively, so the limited upward room will exist in aluminum price due to short upward momentum.
SHFE Market
|
|
Aluminum – Spot Month |
RMB/USD | ||
|
SHFE Close |
Settlement |
Weighted Ave. | ||
|
Mar. 16th |
12,705 |
12,620 |
12,095 |
1:6.8358 |
|
Apr. 7th |
14,200 |
14,070 |
13,067 |
1:6.8340 |
|
|
Aluminum – 3mth |
Shanghai Spot A00 Aluminum Ingot | ||
|
SHFE Close |
Settlement |
Weighted Ave. | ||
|
Mar. 16th |
12,005 |
11,995 |
11,785 |
12,605 |
|
Apr. 7th |
13,120 |
13,005 |
12,655 |
14,240 |
Copyright ? 2009, CBI (Shanghai) Co., Ltd. All Rights Reserved.
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