Wednesday, March 9, 2016

Possible Bottom forming in Aluminum too....

Similar to what is going on with steel.  Something else to keep an eye on. Mike reported a $500B+ February on leading flows which I'd assume is an all time high. In excess of $6T annual rate for the calendar month of February.

1 comment:

Dan Lynch said...

I dunno. Last I heard there were gobs of aluminum in inventory and prices were manipulated by a few big players.

That was a few years back and I dunno if the same thing is still going on now. If it is still going on, even a monopolistic market may not hold up if demand is weak.