BEIJING, Dec 25 (Reuters) – Shanghai aluminium prices were steady and finding support on Monday after a blast last week in Guinea stirred concerns over the supply of the raw material bauxite to metal producers. The London market is closed for the Christmas holiday. The most-traded February aluminium contract on the Shanghai Futures Exchange rose as much as 1.5% to a two-month high in early trading, although it subsequently eased to trade 0.3% lower at 19,060 yuan ($2,671) per metric ton as of 0307 GMT. Aluminium prices rose in London last Friday, with the benchmark contract hitting its highest in almost three months due to supply concerns after a fuel depot blast early last week in Guinea, a major bauxite…
Published Date: 2023-12-25
Source: Market Screener
Categories: Business, Investing, Day Trading, Materials, Metals, Commodities and Futures, International Business and Trade, Import and Export
