Description
The Closing Price of LME 3-Month Aluminum Futures is published by the London Metal Exchange (LME). This indicator reflects the final trading price of aluminum futures contracts that are set to expire in three months. It serves as a benchmark for aluminum pricing in the global market, helping to gauge market sentiment and supply-demand dynamics. Higher prices may indicate strong demand or supply constraints, while lower prices could suggest weaker demand or oversupply.
The closing price is determined by the final transaction price of the aluminum futures contract at the end of the trading day on the London Metal Exchange. It is influenced by various factors including market demand, supply conditions, and macroeconomic indicators.
The closing price is updated daily at the end of each trading session on the London Metal Exchange.