LME price up as range-trading continues; EU Parliament proposed including aluminum in strategic raw materials
1. LME price rebounds from Friday’s... % drop amid still range-trading conditions.
2. ALERT! – EUROPE ALUMINUM. DEEMED STRATEGIC: EU Parliament considers aluminum a strategic raw material, proposal yet to be approved.
3. ALERT! – US BILLET. OFFSHORE SUPPLIERS SUFFERING THE MOST: US billet offshore imports depressed at multi-year lows.
4. SHFE aluminum prices hold at the upper end of their trading range.
5. LME Cash-3M contango widens to one-week highs; ample and growing availability, making cash-and-carry deals more attractive.