A lesser volume of 3,925 tonnes flowed out of global LME warehouses at the same time, while 325 tonnes were freshly cancelled. LME aluminium stocks were 914,725 tonnes on the day.
Fresh inflows of aluminium into London Metal Exchange-approved warehouses capped any gains in the light metal's three-month price at the afternoon close of trading on Friday September 27.The LME three-month aluminium price closed down by a marginal 0.1% at $1,734.50 per tonne, from the previous day's close at $1,737 per tonne, reacting to an inflow of 8,075 tonnes of material into warehouses in Johor in the morning.Increasing tightness in aluminium's forward curve was attracting metal back onto the exchange. Nearby spreads have slipped...