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[Al] CBI Daily Review - 2009/5/18 Aluminum Market
SHANGHAI, May 18 (CBI China) -- Last Friday, LME aluminum price fell slightly, today SHFE aluminum price opened at low and then moved upward following other metal prices trend. The position of copper and zinc experienced significant increases, while aluminum position continued to decline. The weak trading volumes and weak price trend indicated the aluminum price lacked directions, so aluminum price is expected to fluctuate in the short term.
SHFE Market
|
|
Aluminum – Spot Month |
RMB/USD | ||
|
SHFE Close |
Settlement |
Weighted Ave. | ||
|
May 15th |
12,850 |
12,800 |
12,946 |
1:6.8247 |
|
May 18th |
12,740 |
12,725 |
12,729 |
1:6.8267 |
|
|
Aluminum – 3mth |
Shanghai Spot A00 Aluminum Ingot | ||
|
SHFE Close |
Settlement |
Weighted Ave. | ||
|
May 15th |
12,760 |
12,770 |
12,739 |
12,885 |
|
May 18th |
12,705 |
12,670 |
12,671 |
12,840 |
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