Aluminium prices have been standing relatively strong in the LME market throughout September. We think it is now playing catch up with Shanghai Futures Exchange which has been outperforming the LME since August. On 23 August, we said that the recent supply-side development from China may eventually provide some support to the LME market, and we think the LME aluminium market is now feeling it. Since the beginning of August, LME stocks have decreased by over 10%, which may also play a part in price strengthening although we think the overall negative correlation between the two has largely become distorted in recent ... (full story)