The LME “has listed Moerdijk in the Netherlands as a good delivery point for its primary aluminium contract, the bourse said in a note to members,” reports Reuters.
“Moerdijk, will list as the LME’s third Dutch location, bringing the number of global locations approved by the exchange to store aluminium to 33.”
The price of Chinese aluminum scrap rose 4.0 percent on Thursday, November 14, making it the day’s biggest mover. After two days of flat prices. After remaining flat for three days, the price of Chinese aluminum billet fell 0.3 percent on Thursday. The cash price of Chinese aluminum dropped by 0.1 percent after holding steady. The price of Chinese aluminum bar remained essentially flat.
On the LME, the cash price of primary aluminum fell 0.5 percent to $1,746 per metric ton. The aluminum 3-month price saw a 0.4 percent decline on the LME to $1,794 per metric ton. After improving for two days, the Indian aluminum cash price declined 0.1 percent.