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Home / Metal News / [Al] CBI Morning Review - 2009/5/12Aluminum Market

[Al] CBI Morning Review - 2009/5/12Aluminum Market

iconMay 12, 2009 00:00
Source:上海有色金属网

SHANGHAI, May 12(CBI China) -- Base metal prices fell generally due to the market concerns from General Motor (GM) bankruptcy. LME aluminum closed at USD 1,545/mt, down USD 5/mt. The inventories kept increasing, and aluminum price will show a downward trend in the near future. Supply pressure will be greater in domestic market, and the downstream demand remained weak, failing to support aluminum price. Hence, aluminum price will move downwardly following the LME price trend to find the support.

 

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