LIVE FUTURES REPORT 07/11: Aluminium price climbs 1.7% but zinc under pressure despite low stocks

Aluminium and nickel prices ended higher on the London Metal Exchange on Wednesday November 7 but a 10-year low in zinc inventories fail to boost the metal’s price.

The three-month aluminium price reached an intraday high of $1,993.50 per tonne and remains the top performer. More than 11,900 lots changed hands by the close, more than copper’s 11,700 lots. The three-month nickel reached an intraday high of $11,920 per tonne but zinc underperformed, dropping 1.8% over the afternoon to close below $2,500 per tonne despite a strong performance earlier in the week. Stocks are at their lowest in more than 10 years - they fell a net 450 tonnes to 134,300 tonnes...


Hassan Butt

November 07, 2018

18:12 GMT