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[Al] CBI Daily Review - 2009/6/3 Aluminum Market
SHANGHAI, June 3 (CBI China) -- Overnight LME aluminum price fell slightly, and SHFE aluminum opened high and showed a strong performance. The suppliers were unwilling to move goods, leading to further tightness of market supply in East China, so aluminum price rose further as well. The total position increased by more than 20,000 lots. Aluminum price will remain strong in the short term, but any upward room for the price will be limited.
SHFE Market
|
|
Aluminum – Spot Month |
RMB/USD | ||
|
SHFE Close |
Settlement |
Weighted Ave. | ||
|
May 15th |
12,850 |
12,800 |
12,946 |
1:6.8247 |
|
June 3rd |
13,340 |
13,200 |
12,860 |
1:6.8302 |
|
|
Aluminum – 3mth |
Shanghai Spot A00 Aluminum Ingot | ||
|
SHFE Close |
Settlement |
Weighted Ave. | ||
|
May 15th |
12,760 |
12,770 |
12,739 |
12,885 |
|
June 3rd |
13,075 |
12,980 |
12,755 |
13,370 |
Copyright ? 2009, CBI (Shanghai) Co., Ltd. All Rights Reserved.
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