Aluminium on the London Metal Exchange was higher at the close of trading on Monday March 18, having peaked at its highest since February 6.
The three-month aluminium price ended at $1,920.50 per tonne, up $23.50 from the pre-weekend close.For much of March, the three-month price held below resistance at $1,900 per tonne. It hit a two-month low of $1,845 per tonne on March 11. Around 45% of LME aluminium stocks remain canceled after today's 12,500-tonne cancelation. Although aluminium volumes outpaced the rest of the complex, fewer than 15,500 lots changed hands by the close.While continued stock drawdowns and fresh cancelations remain...