LIVE FUTURES REPORT 03/12: LME three-month prices largely rangebound; aluminium drops 1.1%

The three-month base metals were range trading on the morning of Thursday December 3 on the London Metal Exchange amid a dollar index that continues to dip and support the overall high prices, although aluminium bucked the trend by falling by 1.1%.

The three-month aluminium price was recently at $2,032 per tonne, having reached a $2,010 per tonne low during early trading compared with $2,055 per tonne on Wednesday at 5pm. Nevertheless, aluminium continues to be above the $2,000 per tonne mark for a fifth straight day.

After LME aluminium stocks fell for 11 straight days on Wednesday, down 3,950 tonnes to 1.364 million - the lowest since mid-May - they registered a small rise on Thursday morning to 1.368 million tonnes.

There was...


Ana de Liz

December 03, 2020

10:11 GMT