LIVE FUTURES REPORT 18/12: LME aluminium spread widens on 43,000 tonne fresh inflow

The contango in the London Metal Exchange cash/three-month aluminium spread widened in morning trading on Wednesday December 18 after a further 43,725 tonnes flowed into LME-approved global sheds.

Some 14,650 tonnes of material were put back into warehouses in Johor while a greater 29,085 tonnes were delivered into warehouses in Port Klang, Malaysia, the third day of significant inflows into regional LME warehouses. LME global stocks are now at 1,487,775 tonnes, up 8% since Monday when global inventory was 1,372,675 tonnes. Countering the significant inflows of aluminium today, which have been broadly attributed to weak demand for material and narrowing spreads, 22,950...


Amy Hinton

December 18, 2019

10:18 GMT