






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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