Home About us News Products Industry&Equipment Contact us
News center Your current position:Home > News center
上海上门按摩

SMM Aluminum Market Morning Review

Author:Site  Source:Network  Click to rate:994  Post time:2015-08-04

SHANGHAI, Aug. 4 (SMM) –Caixin’s final China manufacturing PMI for July hit two-year low, evidence of tepid Chinese economic growth. This caused LME aluminum to fall to USD 1,601.5/mt. LME aluminum ended Monday down USD 9/mt at USD 1,611/mt. Trading volumes were up 901 lots to 14,025 lots, and positions were up 3,904 to 883,000.

On Monday night, SHFE 1510 aluminum contract rose to RMB 12,145/mt after opening at RMB 12,080/mt, and finished the night session at RMB 12,110/mt. Trading volumes were down 33,568 lots to 12,160 lots, and positions were up 794 to 149,000.

リンク: www.anisugi.comキャップ激安 バスケットシューズ ナイキ スニーカー

Slowing Chinese economy and poor market fundamentals should keep LME aluminum in check around USD 1,600/mt on Tuesday. Production cuts in China cannot offset growing new capacity and falling consumption, so SHFE 1510 aluminum contract might fall to RMB 11,950-12,150/mt on Tuesay. In China’s spot market, spot prices might fall below RMB 12,000/mt and spot discounts of RMB 50-70/mt are expected over SHFE 1508 aluminum contract.

Copyright @ 2008-2012 Chongqing Lanren Aluminium Co.,Ltd
Address: NO. 23-4 Jinxin Building, Nanping, Nanan District, Chongqing, China