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[Al] CBI Daily Review - 2009/4/9 Aluminum Market

iconApr 9, 2009 00:00

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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