London Metal Exchange base-metals data shows aluminium prices firming, with LME aluminium cash near USD 3,092/t while exchange warehouse inventories continued to ease, signaling tight supply conditions in the global market. alcircle+1

Summary :

Stocks showed a small decline. LME aluminium opening stock on January 6 came in at 504,250 tonnes, compared with 506,750 tonnes on January 5, down 2,500 tonnes, equal to about 0.49 per cent. Live warrants on January 6 stood at 446,475 tonnes, compared with 447,475 tonnes on January 5, a fall of 1,000 tonnes, or nearly 0.22 per cent. Cancelled warrants on January 6 were 57,775 tonnes, down from 59,275 tonnes on January 5, lower by 1,500 tonnes, or about 2.53 per cent.

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