LIVE FUTURES REPORT 20/03: LME aluminium, tin prices bolstered by availability slide; others finish negatively

Aluminium and tin were the standout performers on the London Metal Exchange during Monday March 20 trading as a decline in on-warrant material in LME-listed sheds helped bolster prices.

The three-month aluminium price finished $8 higher at $1,922 per tonne, having peaked today at the highest since March 2 at $1,930 per tonne. LME daily stock data noted further chunky cancellations on aluminium in Asian locations, dropping free stock by 57,000 tonnes; close to 39% of LME stocks are now earmarked for exit. Meanwhile total inventories remain at late 2008 lows below 2 million tonnes; it was last at 1,985,875 tonnes. The three-month tin price advanced to the highest since January 25 to $20,495 per tonne on Monday – it closed $60 higher at $20,350 per...

Published

Kathleen Retourné

March 20, 2017

17:09 GMT

London