






SHANGHAI, July 20 (CBI China) -- Overnight LME aluminum price broke the resistance level of USD 1,700/mt, and today SHFE aluminum price opened higher and then climbed strongly along with other base metals trend. Both trading volumes and positions increased, and the positive economic data will help support aluminum price to move upward in the short term.
SHFE Market
|
Aluminum – Spot Month
|
RMB/USD
|
||
SHFE Close
|
Settlement
|
Weighted Ave.
|
||
June 15th
|
13,500
|
13,500
|
13,100
|
1:6.8343
|
July 20th
|
13,900
|
13,855
|
13,697
|
1:6.8321
|
|
Aluminum – 3mth
|
Shanghai Spot
A00 Aluminum Ingot
|
||
SHFE Close
|
Settlement
|
Weighted Ave.
|
||
June 15th
|
13,295
|
13,315
|
12,875
|
13,525
|
July 20th
|
13,945
|
13,860
|
13,717
|
13,865
|
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