17:33 BST update
Sucden Financial had this to say on aluminium in its daily base metals report, as three-month prices for the light metal ticked down markedly into the end of the day:
"Aluminium responded well to Friday's poor technical close, and third Wednesday [cash] selling seemed to be the dominant factor, with intermittent scale-down consumer buying. We see little in the way of major support until the $1,770 area if a close through $1,817 is seen."
After showing strength throughout the day, tin prices lost $75 on a three-month basis as the market closed in London on Monday. The rest of the base metals complex also saw weakness, and three-month nickel was the major loser, down $229 compared with Friday's close.
Spreads fluctuated somewhat as the day ended, remaining in contangos, which widened in some cases and eased off in others. The copper cash-to-three-month...