LIVE FUTURES REPORT 23/12: LME aluminium price flat despite more than 100kt canceled

The London Metal Exchange aluminium price was relatively steady during morning trading on Monday December 23, shrugging off a large cancellation of 107,125 tonnes from LME warehouses.

Most of the cancellations were at warehouses in Port Klang and Singapore, while there were also 4,625 tonnes canceled in Rotterdam as well. The three-month aluminium contract traded at $1,807 per tonne at 9:45 am London time, up 0.3% from Friday’s close. Some market participants expected the cancelations, with LME aluminium spreads in January and February mostly flipping...

Published

Justin Yang

December 23, 2019

10:38 GMT

London