Home / Metal News / [Al] CBI Daily Review - 2009/7/6 Aluminum Market

[Al] CBI Daily Review - 2009/7/6 Aluminum Market

iconJul 6, 2009 00:00

SHANGHAI, July 6 (CBI China) -- Last Friday, LME aluminum price fell slightly, and today SHFE aluminum price opened lower and then moved downward affected by falling LME aluminum price. The positions remained unchanged and trading volumes declined. The supply pressure continued to increase in the market, and SHFE aluminum price faced greater downward pressure under weakened LME aluminum price.

SHFE Market

 
Aluminum – Spot Month
RMB/USD
SHFE Close
Settlement
Weighted Ave.
June 15th
13,500
13,500
13,100
1:6.8343
July 6th    
13,610
13,630
13,548
1:6.8330
 

 
Aluminum – 3mth
Shanghai Spot
A00 Aluminum Ingot
SHFE Close
Settlement
Weighted Ave.
June 15th
13,295
13,315
12,875
13,525
July 6th    
13,400
13,455
13,390
13,615

 

Copyright © 2009, CBI (Shanghai) Co., Ltd. All Rights Reserved.

None of this material may be used for any commercial or public use in any form or means, without the prior written consent of CBI China. For reproduction issue, please contact us by email: metalresearch@cbichina.com or tel:86-21-51550040

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn