LME prices down but still in range-trading mode; LME Cash–3M contango widens

1. LME price fails to extend prior week’s rally as technical resistance holds around $... per mton.

2. China’s aluminum price holds near one-week highs; range-trading mode continues.

3. RERUN: ALERT! – US CANSHEET. CAN GROWTH SLOWS: North America aluminum beverage can demand disappoints as inflation bites.

For more details, please subscribe to HARBOR’s specialized Aluminum Rolled Products Intelligence Report.

4. ALERT! – MEXICO SCRAP. Prices for old cast increase across main hubs. Separately, Class-3 demand could increase ahead amid inflated UBC prices.

For more details, please subscribe to HARBOR’s specialized US and Mexico Aluminum Scrap Intelligence Report.

5. LME Cash–3M contango widest in two weeks as December–January backwardation dissipates.