






SHANGHAI, Apr. 9 (CBI China) -- Strong LME copper drove up the overnight LME aluminum slightly. Today, SHFE aluminum dominant contract opened at rise and then rose gradually in the afternoon, and the tight supply is likely to cause a new round of rise. The upward room exists in SHFE aluminum (spot month) contract in the short term.
SHFE Market
|
Aluminum – Spot Month (RMB/mt) |
RMB/USD | ||
SHFE Close |
Settlement |
Weighted Ave. | ||
Mar. 16th |
12,705 |
12,620 |
12,095 |
1:6.8358 |
Apr. 9th |
14,590 |
14,465 |
13,220 |
1:6.8358 |
|
Aluminum – 3mth (RMB/mt) |
Shanghai Spot A00 Aluminum Ingot | ||
SHFE Close |
Settlement |
Weighted Ave. | ||
Mar. 16th |
12,005 |
11,995 |
11,785 |
12,605 |
Apr. 9th |
13,165 |
13,065 |
12,666 |
14,450 |
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