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Home / Metal News / [Al] CBI Morning Review - 2009/6/22 Aluminum Market

[Al] CBI Morning Review - 2009/6/22 Aluminum Market

iconJun 22, 2009 00:00
Source:上海有色金属网

SHANGHAI, June 22 (CBI China) -- Last Friday, US dollar fell slightly, since the US released a series of positive economic data recently, propelling the market expectations that the global economy is bottoming out. The economic improvement reduced the US dollar demand for risk avoidance. Boosted by weakened US dollar and rising US stocks, LME aluminum price closed at USD 1,668/mt, up USD 33/mt last Friday. The inventories declined by 2,850mt to 4,368,900mt. Aluminum price will continue to move in the RMB 13,200-13,500/mt range in the short term due to uncertainties in international economic conditions.

 

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