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:Original Site  Click to rate:1335  Post time:2014-01-06

SHANGHAI, Jan. 6 (SMM) – LME aluminum opened at USD 1,802.8/mt before moving lower to USD 1,772/mt last Friday on downbeat Chinese manufacturing PMI and a stronger US dollar. China’s official manufacturing PMI for December slipped to 54.6, while the US dollar index climbed above 80.8. The light metal ended down USD 34.3/mt or 1.9% at USD 1,772.5/mt. Trading was thin ahead of speech by Fed policy maker. Trading volumes dropped 2,803 lots to 9,691 lots, while positions held flat at 720,113 lots. LME aluminum inventories grew 7,950 mt to 5,459,750 mt. 

SHFE 1404 aluminum contract climbed to RMB 14,010/mt after opening at RMB 13,975/mt during last Friday’s night session, closing at RMB 13,980/mt. Trading volumes were 2,170 lots, and positions fell 680 lots to 52,384 lots.

The most active SHFE aluminum contract should move lower to RMB 13,950-13,990/mt on Monday. Spot aluminum in Shanghai should trade at discounts of RMB 0-40/mt over SHFE 1401 aluminum contracts.

from metal.com

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