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[Al] CBI Daily Review - 2009/5/19 Aluminum Market
SHANGHAI, May 19 (CBI China) -- Overnight LME aluminum price rose slightly, and today SHFE aluminum price opened at high and then inched up propelled by strong LME copper price in the afternoon. However, the upward momentum for copper price was worse than other metals. Aluminum price will remain weak in the short term in view of no improvements in the fundamentals.
SHFE Market
|
|
Aluminum – Spot Month |
RMB/USD | ||
|
SHFE Close |
Settlement |
Weighted Ave. | ||
|
May 15th |
12,850 |
12,800 |
12,946 |
1:6.8247 |
|
May 19th |
12,850 |
12,810 |
12,786 |
1:6.8260 |
|
|
Aluminum – 3mth |
Shanghai Spot A00 Aluminum Ingot | ||
|
SHFE Close |
Settlement |
Weighted Ave. | ||
|
May 15th |
12,760 |
12,770 |
12,739 |
12,885 |
|
May 19th |
12,875 |
12,810 |
12,755 |
12,845 |
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