Mon, Sep 1, 2014
A A A
Welcome kbr175@gmail.com
RSS

Commodities Briefing - Categorized | Market Moves, Metals and Minerals more

Aluminium may face downside pressure as banks liquidate financing deals

Posted on 21 October 2011

Aluminium prices face a dampening prospect as the global economic slowdown could force banks to liquidate their metal holdings in a bid to fund other purposes.
Bank financing deals are believed to have tied up 70% of more than 4.5 million tonnes of aluminium held at LME approved warehouses. In a bank financing deal, banks buy aluminium, sells it forward and stores it in a warehouse for long periods……………………………………….Full Article: Source


 Article link

This post was written by:

VRS - who has written 36706 posts on Opalesque Commodities Briefing.


Contact the author

Comments are closed.

September 2014
S M T W T F S
« Aug    
 123456
78910111213
14151617181920
21222324252627
282930