Room to rally again if risk appetite continues to improve LME aluminium's speculative funds positioning corroborates the recent price weakness. Four straight weeks of buying pressure came to an abrupt end in...
Over the weekend, China appears to have reached a compromise position that could boost the probability of a 'phase one' trade deal with the US. China announced that it will raise penalties for intellectual property rights theft, meeting one of the many stringent demands from the US. Barring any further negative developments, risk appetite should improve this week and potentially bring about renewed optimism in aluminium prices.
Fund net short increased again slipped in mid-November...
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