Dec 12, 2023 Leave a message

December 11 LME Close: The Metal Fell, Aluminium Touched More Than Three-month Lows By Speculative Fund Selling Dragged

LME aluminium futures touched their lowest point in more than three months on Monday as speculative funds stepped up their selling efforts in anticipation of an increase in inventories. Analysts said the rising dollar was also putting pressure on the market. Aluminium prices have fallen 10 per cent since hitting a five-month high in early October. Aluminium is mainly used in the construction, transport and packaging industries.

yUUgb20231212075052

Send Inquiry

Home

Phone

E-mail

Inquiry