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[Al] CBI Daily Review - 2009/7/20 Aluminum Market

iconJul 20, 2009 00:00

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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