LME prices bounce back as volatility continues; Chinese aluminum demand destruction intensifies
September 28, 2021
CHINA ALUMINUM ALERT.
1. LME prices outperform amid supportive technicals, still hovering around $... per mton.
2. SHFE aluminum prices bounce back to... yuan per mton.
3. CHINA ALUMINUM ALERT. CHINESE DEMAND DESTRUCTION: Energy crisis is impacting aluminum demand more than production, inventories rising.
4. SILICON SPECIAL ALERT. AT RISK: Ongoing silicon price spike and semiconductor shortage could deepen auto production curbs.
5. LME Cash-3M contango unchanged; backwardation after December remain steep.
More details in full report.