LIVE FUTURES REPORT 11/03: 330kt of aluminium warranted in Port Klang; LME prices up on Dow record high

March 12, 2021 / www.metalbulletin.com / Article Link

Over 300,000 tonnes of aluminium were delivered into London Metal Exchange warehouses in Port Klang on Thursday March 11, while price gains wereplentiful for all base metals due to a record-setting Dow Jones index.

A total of 332,975 tonnes of aluminium was delivered into Port Klang. The delivery was a combination of ingots, sows and t-bars - with 69% of the delivery in ingots. It is the biggest inflow of material since mid January, when over 112,000 tonnes of aluminium made their way into warehouses across Asia. 
"It could mean the spreads will widen significantly," a trader said. "But it is going to be an interesting day."

The spreads are yet to majorly react with the benchmark aluminium cash/three-month spread at...

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