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Home / Metal News / [Al] SMM Morning Review - 2009/9/8 Aluminum Market

[Al] SMM Morning Review - 2009/9/8 Aluminum Market

iconSep 8, 2009 00:00
Source:上海有色金属网

SHANGHAI, Sept. 8 (SMM) -- The US financial market was closed on Monday for Labor Day, and the economic data released by European countries were positive. The manufacturing orders in July in Germany grew by 3.5%, higher than market expected, further showing that the German industry is supporting the country's economic recovery, which caused strengthened euro. LME base metals prices closed up boosted by weakened US dollar. LME aluminum prices closed at USD 1,865/mt, up USD 23/mt, and LME aluminum inventories declined by 4,825mt to 4,602,775mt. In domestic market, aluminum prices will move around RMB 15,000/mt in the short term due to shortages of upward momentum.

 

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