Aluminium Prices Dropped As LME On-Warrant Stocks Of Available Aluminium

Aluminium trading range for the day is 140-143.4.

Aluminium prices dropped as LME on-warrant stocks of available aluminium inventories rose by 12,325 tonnes to 1,159,325 tonnes

The premium for cash aluminium over the three-month contract fell to $31.75 after touching $50, the highest since 2007.

Aluminium inventories in the LME warehouse system have declined to 1.3 million tonnes from almost 5.5 million tonnes in 2014.

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