Aluminium's three-month price on the London Metal Exchange was lower at the close of trading on Friday July 26, falling by around 1.3% against a flurry of fresh inflows into LME-registered Asian warehouses.
Despite just under 70,000 tonnes of material delivered into LME-registered warehouses in Port Klang this week, aluminium's futures price held above the $1,800-per-tonne support level at the close, albeit trading at an intraday low of $1,794 per tonne.The light metal closed trading at $1,802 per tonne this afternoon, while turnover was light with just over 12,000 lots exchanged by the close - leading the complex. Total LME aluminium stocks are now back above 1 million tonnes for the first time since June 27, while on-warrant material is now at its highest since May 16.Additionally, financing...