LME price stuck between $... per mton; Europe returns from summer break paying higher P1020 premiums
1. Jamalco shutdown confirmed, expect a world deficit.
2. LME prices range-trade near 2021’s high zone of $... per mton.
3. SHFE aluminum prices test new thirteen-year intraday high.
4. EUROPEAN P1020 UPDATE. RALLY RESUMES: European consumers return from seasonal slowdown paying higher P1020 spot premiums.
5. LME Cash–3M backwardation widens to $20 per mton amid sharpest nearby tightness since 2019.
More details in full report.