LIVE FUTURES 27/08: Aluminium price close to April 2011 high, inflows into LME continue

Aluminium's three-month price reached a new year-to-date high of $2,664.50 on the morning of Friday August 27 and most other future contracts on the London Metal Exchange were also up at the start of the day.

Aluminium's price was up by 1.7% from Thursday's $2,619.50 per tonne reading at 5pm. The metal was just $1.50 away from the August 2011 high of $2,666 per tonne. 
The physical aluminium market remains tight, leading to high premiums across the globe; the metal's cash/three-month spread was last reported at a $16.50 per tonne backwardation, from an $18.25 per tonne backwardation on Thursday at the close.

Some 36,025 tonnes of aluminium were delivered into Port Klang on Friday,...

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