Aluminum ingots - Last update: August, 27, 2008
Brands currently available:
Guizhou Huaguang, Zhengzhou Xueshan, Qingtongxia(QTX), QX, Qinghai Haihu, Jiaozuo Wanfang, Lanzhou Lanlv, Gansu Ganlv, Sanmenxia Sanmenshui, Xin'an Wanji, Yunnan Yunhai, Tongchuan Yuhua, Shanxi Guanlv, Danjiang
| Product Name |
Latest Price |
Average |
Change |
Backwardation/Contango |
| A00 Aluminium (Al 99.70 %) |
17650-17680 |
17665 |
-45 |
(c)50-(c)30 |
Price range of transaction for alunimium ingots of currently available brands in Shanghai (include VAT)
| Product Name |
Price |
Change |
| Yangtze Non-Ferrous |
17670-17710 |
-30 |
|
Weekly Forecast by SMM Specialist- Last update: August, 25, 2008
- Rallying 0
- Constant 9
- Falling 20
(Aug.27) As oil rebounded, LME aluminium traded steadily, closed at 2,780 usd. Shanghai aluminium futures declined continually, spot price was in the range 17,650-17,670 yuan, 30-50 discounts over futures price. Demand was still very weak, aluminium remained a falling trend.
(Aug.26) Shanghai aluminium futures traded lower from high level. Supply of spot good was ample, but demand still weak. Spot price was at 50 yuan discount over futures price, and most traded in the range 17,700-17,720 yuan in the morning, then fell to 17,650 yuan in the afternoon. Trading became even weaker.
(Aug.25) Aluminium on the London Metal Exchange broke 2,800 usd and declined to 2,788 usd with the sharp falling of oil.
Shanghai aluminium futures opened low and traded lower, declined almost 1 percent still afternoon. Spot price quoted at 17,750 yuan in the morning, then declined to the range 17,700-17,750 yuan.
|
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