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The aluminum market participants predicted that after the new sanctions were imposed on Russia, banks and traders may put 0486.HK's metal in the LME's warehouse to boost their stock.
When demand is low or no demand, metals enter the London Metal Exchange warehouse, confirming the final position of the exchange as the market. This is especially true in a recession.
On Tuesday, the London Metal Exchange (LME) said later that since April 17th, Rusal's original aluminum ingots will not be listed on the LME approved brand list for the time being. Some members were worried about the impact of sanctions on settlement contracts.
Russia's metal entering the LME warehouse before April 6th is not affected, but some sources say that few companies are willing to hold these metals now.
"LME stock will rise because if you are a financing bank with Russian Aluminum metal, it will consider cutting this open," said a commodity trader, and said the price difference will rise.
Exchange data showed that in April 6th, LME aluminum from Eastern European producers had a stock of 450650 tons. According to the source, under this category, most of the metal produced by Rusal is.
The total number of aluminum stocks is 1 million 260 thousand tons, while the above category accounts for about 36% of the total.
* * * it is difficult to find a buyer * *
"It will be difficult for us to find a buyer," said Oliver Nugent, a strategist at Holland International Group (ING). "I wouldn't be surprised if there was a large amount of metal, and any bank holder with a Russian aluminum stock would want to move metal to LME."
In 2015, the Bank of Paris, the French bank of France, may hold a very cautious attitude after a $8 billion 900 million settlement in 2015 for violating sanctions against Sultan, Cuba and Iran.

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