Home

Metal News

Aluminium

[Al] CBI Morning Review - 2009/4/24 Aluminum Market

The 7th China International New Energy Conference 2022

[Cu] CBI Morning Review - 2009/4/24 Copper Market

SHANGHAI, Apr. 24 (CBI China) -- The National Association of Realtors (NAR) announced on Thursday that the existing home sales in the U.S. in March fell to 3.0%, with the annual rate of 4.57 million and the prediction of 4.7 million. The U.S. Department of Labor announced on Thursday that the initial claims for unemployment benefits during this week rose to 640,000, with the estimated at 635,000. The initial purchasing managers index (PMI) in service sector in euro zone during April rose to 43.1 from 40.9 in March, and the initial PMI in manufacturing industry rose to 36.7 from 33.9 in March. The monthly rate of industrial orders in euro zone during February declined by 0.6%, and the annual rate declined by 34.5%. 
&nbsp;&nbsp;&nbsp; Hence, the European economic data were better than the U.S. The weak U.S. property market and employment report dampened the market demand prospect, so overnight LME base metals fell generally. LME aluminum closed at USD 1,453/mt, down USD 14/mt. The inventories increased by 17,000mt to 3,676,525mt. Negatively affected by weak surrounding markets, SHFE aluminum dominant contract will receive pressure, but the strong market trend will possible push up the price in the short term. 
&nbsp;
Copyright ? 2009, CBI (Shanghai) Co., Ltd. All Rights Reserved.
None of this material may be used for any commercial or public use in any form or means, without the prior written consent of CBI China. For reproduction issue, please contact us by email: <A href="mailto:metalresearch@cbichina.com">metalresearch@cbichina.com</A> or tel:86-21-51550040

[Minor metal] Slim Transactions in Domestic Refined Cobalt Market

[Al] CBI Morning Review - 2009/4/24 Aluminum Market_SMM | Shanghai Non ferrous Metals

SMM Morning Comments (May 18): Base Metals Closed Mixed on Expected Recovering Demand and Economic Development Worries

SMM Evening Comments (May 16): Shanghai Nonferrous Metals Closed Mostly with Gains amid Warming Macro Front

SMM Evening Comments (May 20): Shanghai Nonferrous Metals All Closed with Gains on Expected Consumption Recovery

SMM Evening Comments (May 19): Shanghai Nonferrous Metals Closed Mixed on Hawkish US Rate Hike and China Consumption Recovery

SMM Morning Comments (May 16): Base Metals Closed Mostly with Gains on Easing Worries on Economic Development

SMM Events & Webinars

The 7th China International New Energy Conference 2022