MARKET TALK: LME Aluminum Outlook Bearish As Funds Stay Away

There's no fresh speculative interest in LME aluminum with the outlook starting to look increasingly bearish, says HARBOR Intelligence. Notes commodity trade advisory players are 40% short aluminum, with range trading seen over the next six months. Strong aluminum production growth in China and slowing US demand amid rising inventories adds to the pressure on prices, HARBOR Intelligence adds. LME aluminum is last at $2,740 a metric ton, $10/ton down from Wednesday's high.