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LME prices unchanged; Logistics tightness at one-year lows


1. LME prices hardly changed today, still officially eyeing the $2,950–$3,000 per mton resistance zone target.

2. RERUN. US MW PREMIUM ANALYSIS – PAST ITS PEAK: Logistics tightness is past its peak and should gradually dissipate ahead according to leading indicators.

3. GREEN ALUMINUM ALERT. GOING GREENER: North America’s aluminum industry halves its average carbon footprint.

4. RERUN: US SCRAP ALERT. ON DEMAND: Consumers and brokers looking for EC wire and 6063 clean scrap units.

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

5. China’s aluminum prices approaching expected target of 21,000 yuan per mton.

6. LME Cash–3M contango still unsupportive of P1020 premiums; warrant cancelations drive LME live inventories to sixteen-year lows.

More details in full report.