LIVE FUTURES REPORT 25/09: LME aluminium bucks downward trend, other base metals sink lower

London Metal Exchange three-month prices for all base metals remained under pressure on Friday September 25, with aluminium the only exception to the general downward trend.

The LME three-month aluminium price rose 0.66%, and closed at $1,759.50 per tonne after seeing a turnover of 12,776 lots on Friday. Total LME aluminium stocks stand at 1,477,175 tonnes after registering an outflow of 5,050 tonnes on Friday. Canceled warrants increased to 259,050 tonnes after 7,200 tonnes were freshly canceled. Fastmarkets analyst Andy Farida said that LME aluminium's micro-dynamics remain fairly bullish, “with net speculative funds positioning extremely positive”...

Published

Rijuta Dey Bera

September 25, 2020

17:42 GMT

New York