A look at the aluminum market on the London Metal Exchange during the last week
Quarterly sales of the metal fell to $2,436 and 50 cents on Friday from $2,444 (ton) a week earlier.
At the same time, the inventory of aluminum metal also faced a new decrease, so that it decreased from 369,675 tons on the previous Friday to 347,175 tons.
The trading volume of aluminum metal on Thursday, July 7, was at its highest level in the last 3 weeks and was equal to 249,254 lots (LD), which is a positive stimulus for the price increase forecast (each lot is equivalent to 100 thousand dollars).
On the other hand, in terms of demand, we have seen an increase in demand in the aluminum market, which will be another physical factor in line with the price increase.