LME ADV grew by 15% during a nervous October

November 09, 2018 / www.metalbulletin.com / Article Link

The London Metal Exchange's total average daily volumes (ADV) rose by 15% year on year in October, with aluminium and aluminium alloy sales growing by 40% and 89% respectively.

In September, total ADV declined by 3.4% annually. Aluminium ADV showed 40.6% growth with 264,293 lots traded and net stocks reaching 59,525 tonnes. The three-month aluminium price on the LME peaked at $2,267 per tonne on October 4, 10% higher than average price...