LIVE FUTURES REPORT 08/01: Base metals prices close higher apart from aluminium

Aluminium was the only metal that ended lower at the end of trading on the London Metal Exchange on Monday January 8.

The three-month aluminium price ended around 1.2% lower than its pre-weekend closing level at $2,175 per tonne. Around 14,000 lots changed hands by the 5pm close, outpacing copper by about 2,000 lots. Stocks fell a net 3,600 tonnes to 1,095,875 tonnes. Although on-warrant aluminium stocks are down roughly 706,000 tonnes year on year, there are doubts about whether Chinese smelter cuts will tighten global aluminium supply further. “The market does not show any signs of...

Published

Justin Yang

January 08, 2018

17:43 GMT

London