






SHANGHAI, July 22 (CBI China) -- The U.S. Federal Reserve Board (FED) Chairman Ben Bernanke said to Congressman that the U.S. economy is still quite weak, which can not allow the FED to tighten its monetary policy in the short term. The Federal Reserve Bank of Chicago National Activity Index in June rose to a negative 1.80, higher than the negative 2.30 in May, also the highest level since October 2008, indicating a gradual improvement in economic growth.
Overnight LME base metal prices dipped. LME aluminum price closed at USD 1,715.5/mt, down USD 2/mt, and the inventories increased by 35,175mt to 4,555,350mt. SHFE aluminum price will return to the fluctuating range recently.
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
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