LME cash price rallies to 18-month highs; US finstock prices gap up
1. LME prices sustained Friday’s rally and closed at a fresh 14-month high; breakout confirmation at the end of this week could mark the start of wave toward $... per mton.
2. LME December–January backwardation continues intensifying; Cash–3M contango down to a seven-month low.
3. EUROPE WIRE ROD UPDATE. Mechanical wire rod export orders to the US increasing, while regional EC rod demand outlook looks promising.
4. US FLAT-ROLLED PRODUCTS ALERT. Finstock prices gap up amid strong demand and tight supply. For more details, please subscribe to our specialized Aluminum Rolled Products Intelligence Report.
5. HARBOR’s Green Aluminum Upcharge assessed at zero.
6. China’s aluminum prices up to a seven-week high.
More details in full report.