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December 2019 | Aluminium Weekly Market Tracker


Trump signed off the 'phase one' trade deal, but details remain fuzzy: Market Summary and Analysis


There have been more outflows of aluminium from Shanghai Futures Exchange warehouses, bringing levels down 15,529 tonnes or 6.6% in the week to December 13 to 218,367 tonnes.

Trump signed off the 'phase one' trade deal, but details remain fuzzy Major US equity markets closed at record highs last week, with the Dow Jones index trading at 26,132.05 points, up 0.79%, the S&P500 at 3,168.58, up 0.86%, and the Nasdaq up 0.73% to close at 8,717.32. Further supporting risk sentiment is the fact US President Trump has signed off the ‘phase one’ trade deal and will delay additional tariffs on Chinese goods that were planned for December 15. But so far this week, the base metals prices performance has been mixed, as details on the trade deal remains fuzzy, keeping most market participants on edge. Continued decline in SHFE stocks in direct contrast to the LME increase There have been more outflows of aluminium from Shanghai Futures Exchange warehouses, bringing levels down 15,529 tonnes or 6.6% in the week to December 13 to 218,367 tonnes. The continued decline...

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