






SHANGHAI, July 16 (CBI China) -- LME aluminum price soared stimulated by positive economic data, and today SHFE aluminum price opened higher in the morning and then moved downward. The positions plunged by more than 20,000 lots, and aluminum price will follow other base metal prices trend given shortages of 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
|
July 16th
|
13,580
|
13,610
|
13,614
|
1:6.8315
|
|
Aluminum – 3mth
|
Shanghai Spot
A00 Aluminum Ingot
|
||
SHFE Close
|
Settlement
|
Weighted Ave.
|
||
June 15th
|
13,295
|
13,315
|
12,875
|
13,525
|
July 16th
|
13,515
|
13,550
|
13,553
|
13,615
|
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