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[Al] CBI Daily Review - 2009/7/16 Aluminum Market

iconJul 16, 2009 00:00

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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