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[Al] CBI Daily Review - 2009/6/25 Aluminum Market

iconJun 25, 2009 00:00

SHANGHAI, June 25 (CBI China) -- The Federal Reserve announced the interest rate will remain unchanged, strengthening the market expectation on inflation. LME aluminum price continued to rise, while SHFE aluminum price opened lower and showed a weakened performance. The trading volumes improved, and the positions declined by 3,700 lots. Aluminum prices lack upward momentum.

SHFE Market

 
Aluminum – Spot Month
RMB/USD
SHFE Close
Settlement
Weighted Ave.
June 15th
13,500
13,500
13,100
1:6.8343
June 25th    
13,560
13,565
13,494
1:6.8331
 

 
Aluminum – 3mth
Shanghai Spot
A00 Aluminum Ingot
SHFE Close
Settlement
Weighted Ave.
June 15th
13,295
13,315
12,875
13,525
June 25th    
13,415
13,445
13,366
13,500

 

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