LIVE FUTURES REPORT 13/03: Stock drawdowns help push LME aluminium price higher

Aluminium was one the best performers on the London Metal Exchange on Wednesday March 13, because of stock outflows from LME sheds.

The price of the three-month aluminium contract was up by $28 per tonne to $1,905 per tonne at the close of trading on Wednesday. Around 7,425 tonnes of aluminium left LME warehouses on Wednesday, with most of the outflows from Port Klang, Singapore and Rotterdam. Overall inventory on the exchanged dipped to 1,198,375 tonnes. “Supporting the recent upside in the LME aluminium...

Published

Justin Yang

March 13, 2019

18:12 GMT

London