Aluminium's London Metal Exchange three-month price rose above $2,200 per tonne in early morning trading on Monday March 15, while the rest of the complex were consolidating from "early March weakness."
Aluminium's price was up by 0.9% at $2,191 per tonne at 9am on Monday, having reached as high as $2,204 per tonne during early trading. LME aluminium warehouse data showed 44,725 tonnes of material were canceled on Monday, following inflows of over 600,000 tonnes on Thursday and Friday of last week. The cancellation was entirely at warehouses in Port Klang, Malaysia, where the vast majority of material delivered in last week was placed. Warrant holdings on Friday showed one member holding 50-79%...