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METALS-Shanghai aluminium nears 6-month high on demands hope [Reuters]

VALE S.A. American Depositary Shares Each Representing one common share (VALE) 
Last vale s.a. american depositary shares each representing one common share earnings: 4/29 04:02 pm Check Earnings Report
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Company Research Source: Reuters
METALS-Shanghai aluminium nears 6-month high on demands hope (Updates prices) By Tom Daly BEIJING, April 25 (Reuters) - Most base metals advanced onThursday on hopes of a U.S.-China trade deal, with Shanghaialuminium hitting a near six-month peak on expectations ofhigher consumption and lower stocks. FUNDAMENTALS * ALUMINIUM: The most traded June aluminium contract on theShanghai Futures Exchange rose as much as 0.8 percentto 14,270 yuan ($2,120.83) a tonne, the highest since Oct. 31 bymid-day, before closing 0.6 percent up at 14,240 yuan a tonne. "This recovery is mainly driven by the expectation ofChina's stimulus to boost consumption of aluminium downstreamsectors such as automobiles and home appliances," Helen Lau,analyst at Argonaut Securities, said in a note. "We are of view that the price rebound should not besustained in view of possible over-expectation of Chinesestimulus, lacklustre auto market, high utilisation rates ofChinese smelters and weak alumina pri Show less Read more
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