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[Al] CBI Daily Review - 2009/5/7 Aluminum Market
SHANGHAI, May 7 (CBI China) -- Overnight LME aluminum price climbed up, while SHFE aluminum price moved downward today. The position continued to slip, and the LME aluminum price always showed a stronger performance than SHFE aluminum price recently. SHFE aluminum price will move in the high level in the short term, and special attention should be paid to the possibility of sharp declines for aluminum price after the positive news is absorbed completely.
SHFE Market
|
|
Aluminum – Spot Month |
RMB/USD | ||
|
SHFE Close |
Settlement |
Weighted Ave. | ||
|
Apr. 15th |
13,610 |
13,905 |
13,433 |
1:6.8293 |
|
May 7th |
12,890 |
12,900 |
12,957 |
1:6.8230 |
|
|
Aluminum – 3mth |
Shanghai Spot A00 Aluminum Ingot | ||
|
SHFE Close |
Settlement |
Weighted Ave. | ||
|
Apr. 15th |
12,735 |
12,865 |
12,697 |
14,000 |
|
May 7th |
12,820 |
12,850 |
12,738 |
12,930 |
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