[Al] CBI Morning Review - 2009/4/13 Aluminum Market

SHANGHAI, Apr. 13 (CBI China) -- The U.S. federal government budget deficit in March rose to USD 193.2 billion, and the U.S. Treasury Department reported that the figure hit the a record high during March in the memory. China Customs announced on 10th that China has achieved trade surplus of USD 18.56 billion during March, up 41.2% YoY. The total value of China's import and export during March was USD 162.02 billion, down 20.9% YoY. LME market remained closed for 4 days during the holiday. The new arrivals of imported aluminum by the end of this week and a portion of new arrivals of domestic aluminum ingots will help ease the tight supply in the market. However, currently, the spot supply remained tight, and the corner and squeeze sentiment will continue. Today, SHFE aluminum performed weak, and the spot discount is expected to become wider.

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