LIVE FUTURES REPORT 02/04: Large 48kt inflow maintains LME Al under $1,500/t

The London Metal Exchange three-month aluminium price declined during morning trading on Thursday April 2, with a fresh inflow of more than 48,000 tonnes pressuring price action lower, while pandemic-related risk-aversion led the rest of the complex consolidate.

LME aluminium’s outright price was recently at $1,483.50 per tonne, a drop of 0.74% from Wednesday’s closing price of $1,499.50 per tonne. Turnover was moderate at some 3,400 lots as of 9:45am London time. Continued inflows of primary aluminium into LME-registered warehouses - the bulk of deliveries taking place in Asia - are prompting the metal's steady decline. This morning, some 48,325 tonnes entered LME...


Hassan Butt

April 02, 2020

09:40 GMT