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June 9, 2023
CRU Aluminum: Weak Demand Signals Set Summer Tone
Written by Stephen Williamson
The LME aluminum three-month price is moving higher again as the week ending June 9 closes trading at $2,230/t. Failing to dip below the critical transition price of $2,000/t, The LME steadied itself despite very lackluster demand anywhere in the world.
Trading in China also kept the regional exchange there neutral, if not a bit higher as SHFE aluminium prices also made some moderate gains the same week. The cash price settled at RMB18,480/t and last traded at RMB18,540/t.
