June 2009 | Base Metals
The market has been rangebound: Aluminium - Market Analysis
Prices remain well supported as buyers trying to restock continue to find nearby availability is tight despite the massive LME stockpile.
Over the last few weeks prices have been whip-lashing in comparison to the level of volatility aluminium prices saw for most of the year. But this has not been due to erratic inflows of speculative capital. As open interest continues its slow decline, falling a further 3.21% since Monday, it is evident that the only major investment activity in aluminium of late has been...
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