September 2019 | Aluminium Weekly Market Tracker
LME base metals complex started the new month with support from China State Council: Market Summary and Analysis
Aluminium stocks at LME warehouses totaled 923,225 tonnes on Monday. While down from 1.27 million tonnes on July 30, stock flows have become more two-way recently - a total of 42,750 tonnes has been delivered on warrant since August 27.
LME base metals complex started the new month with support from China State Council For the new trading month, the LME base metals complex started with positive support from the China State Council, which announced 20 measures to help stimulate domestic consumption. One of the measures that is related to metal industry is to stimulate automobile consumption within the country, which has been quite sluggish so far this year. LME stock flows become more two-way Aluminium stocks at LME warehouses totaled 923,225 tonnes on Monday. While down from 1.27 million tonnes on July 30, stock flows have become more two-way recently - a total of 42,750 tonnes has been delivered on warrant since August 27. SHFE aluminium prices experienced high volatility on Monday Aluminium prices traded on the Shanghai Futures Exchange experienced significant volatility on Monday, following reports that Luhut Pandjaitan, the Coordinating Minister for Maritime Affairs of Indonesia, is...
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