LME aluminum futures rose by 1.83% from the previous trading day, settling at US$2,256/ton on Wednesday (September 20).
The US dollar index fell back from the six-month high last week, which made US dollar-denominated metals cheaper and more attractive.
In addition, boosted by various economic stimulus policies in China, the largest consumer in the world, the activity of the spot market has increased, and downstream buyers have also had demand for stock replenishment. Coupled with low supply of spot aluminum ingots, aluminum prices were continuously supported by low inventories.
LME aluminum prices hike on low inventories
23 Sep 2023 17:12 reported by Joy Liu
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