MARKET TALK: Producer Sellers Still Cap LME Aluminum

Systematic short covering continues to prop up London Metal Exchange aluminum prices although producer sellers remain overhead, a broker notes. Profit-taking by macro funds is also seen overhead, and this is expected to keep a lid on prices through the morning session, he adds. LME aluminum trades last at $2805 a metric ton, up from $2790/ton overnight but down from $2838/ton Thursday.