






SHANGHAI, June 10 (CBI China) -- Overnight LME aluminum continued to rise strongly, while SHFE aluminum opened high and then weakened. The positions decreased by 490 lots. LME aluminum will likely rise further in the short term, but the upward room for domestic aluminum price will narrow.
SHFE Market
|
Aluminum – Spot Month
|
RMB/USD
|
||
SHFE Close
|
Settlement
|
Weighted Ave.
|
||
May 15th
|
12,850
|
12,800
|
12,946
|
1:6.8247
|
June 10th
|
13,680
|
13,630
|
13,038
|
1:6.8336
|
|
Aluminum – 3mth
|
Shanghai Spot
A00 Aluminum Ingot
|
||
SHFE Close
|
Settlement
|
Weighted Ave.
|
||
May 15th
|
12,760
|
12,770
|
12,739
|
12,885
|
June 10th
|
13,520
|
13,520
|
12,851
|
13,620
|
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