[Al] CBI Morning Review - 2009/7/22 Aluminum Market

BEIJING, July 22 -- Due to the general increase of domestic steel price, the tin plate price increased propelled by the cost.
&nbsp;&nbsp;&nbsp; The latest monthly EXW price of Xindzhong Steel Sheet in the East China continued increasing up CNY 200 per tonne around over last month. Currently 0.2x800mm of tin coil price is CNY 6,900 per tonne including tax, accumulatively lifted about CNY 400 per tonne in 2 months. The company said that presently with the growths of other steel price, tin plate price also increased.
&nbsp;&nbsp;&nbsp; However, source from the markets said that that Baosteel made tin plate price dropped in this month over last month, such as 0.2x800mm of tin plate, down from CNY 8,000 per tonne to CNY 7800 per tonne around. The specifics depend on the specification.
&nbsp;&nbsp;&nbsp; A trader thought that the current demand was not optimistic and the price rising mainly resulted from cost growth, especially those manufacturers who need to buy raw materials to roll. He also expected that the price was not truly stable.
&nbsp;&nbsp;&nbsp; (Source: Alibaba.com) 
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