The three-month aluminium price on the London Metal Exchange was subdued during morning trading on Tuesday October 20 following a fresh inflow of 17,625 tonnes and continued re-warranting in Port Klang, while nickel futures breached nearby resistance amid steady buying.
The aluminium price was recently trading at $1,841 per tonne on Tuesday morning, falling from Monday's closing price of $1,853.50 per tonne, while turnover topped the complex at just under 3,200 lots exchanged as of 9:30am London time. Prompting downward price movement was the delivery this morning of 17,625 tonnes; of the total, 14,525 tonnes entered warehouses in Johor and 3,000 tonnes arrived in Baltimore. A further 7,500...