23 AUGUST 2011stockmarketsreview
Industrial metals (copper, aluminium, nickel, etc.) daily review (August 23, 2011)
Edited by : AL CIRCLE
1 min read
Industrial metals finished higher on Friday, with support from a weak dollar, steadier equities, Chilean supply threats and Asian demand signals enabling prices to overcome overnight selling pressures.
More than 100,000 tonnes of aluminium flowed into London Metal Exchangeregistered warehouses in Vlissingen, latest LME data showed, in another big increase that has inflated stocks in the Dutch port to over 700,000 tonnes.
- October-December aluminium term premiums to Japan will likely stay flat or fall slightly, with buyers seeing no reason for a rise and producers expected to point to high U.S. and European premiums.
More than 100,000 tonnes of aluminium flowed into London Metal Exchangeregistered warehouses in Vlissingen, latest LME data showed, in another big increase that has inflated stocks in the Dutch port to over 700,000 tonnes.
- October-December aluminium term premiums to Japan will likely stay flat or fall slightly, with buyers seeing no reason for a rise and producers expected to point to high U.S. and European premiums.
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