LIVE FUTURES REPORT 17/02: LME aluminium revisits Oct 2018 high of $2,114

February 18, 2021 / www.metalbulletin.com / Article Link

Aluminium's forward price on the London Metal Exchange rose to a new year-to-date high of $2,117 per tonne on Wednesday February 17, unfazed by the US Dollar Index reaching its highest since Monday, while movements across the rest of the base-metals complex were mixed.

This was the first time that aluminium's three-month price had risen above $2,100 per tonne since October 5, 2018. It closed at $2,115 per tonne, 1.4% higher than Tuesday's closing price of $2,086.50 per tonne.
Aluminium also showed the biggest number of lots traded on Wednesday, ahead of the expected return on Thursday of Asian traders after the Chinese New Year holiday. A total of 11,900 lots were traded by 5pm, more than last week's daily average of 11,164 lots.

"Aluminium has been its own isolated market for a quite a...

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