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LME price up and consolidating above $2,000 per mton; LME backwardation reminder of physical tightness

US ROLLING MILL ALERT.

1. LME prices regain ground as technical buying steps in at the $2,000 per mton level.

2. LME Cash–3M contango remains extremely tight, testament of lack of spot availability.

3. US ROLLING MILL ALERT. STRIKE ENDS: Muscle Shoals has a new 5-year labor contract. For more details, please subscribe to our specialized Aluminum Rolled Products Intelligence Report.

4. China’s aluminum prices at two-month low support.

More details in full report.