Opening Bell: Base Metals Market Update

  • LME aluminium 3-month contract price drifted down by 4.70% to $3,319.5/t as against the previous closing, while copper fell by 2.27% to $9,935/t and zinc decreased by 0.83% to $3,809/t.
  • Shanghai Futures Exchange (SHFE) aluminium Apr’22 contracts fell by around 1% and currently hovering around at RMB 21,735/t.
  • Opening stocks of aluminium in LME-registered warehouses have fallen to 752,850 t, declining for the 10th consecutive day.

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