1. LME price climbs to a one-week high and approaches again the $… per mton range, has yet to re-test the $.. per mton technical resistance zone.
LME 3M aluminum prices closed at a one-week high of $… per mton, up 0.9% or $… per mton from Friday. Prices rebounded during the second half of the session, supported by optimism about a potential US-EU trade deal, after…
2. ALERT! – EUROPE D226 AND SECONDARY SCRAP. PROCEEDING WITH CAUTION: VW Group’s auction proves underwhelming for secondaries.
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3. ALERT! – MEXICO UBC. EXPORT PRESSURE: UBC export demand resumes, pressuring domestic prices up.
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4. LME Cash-3M contango tightens amid concentration of live inventory holdings and futures positions (bearish P1020 premiums).
The Cash-3M contango tightened to $.. per mton from Friday’s $… per mton. The June-July contango narrowed to $.. per mton from $.. per mton, and the July–August contango tightened to $…
5. China’s aluminum prices rebound after testing one-week lows.
SHFE front-month aluminum closed today’s session down 0.5% at… yuan per mton ($… per mton, ex VAT), after briefly testing a one-week intraday low of… yuan per mton…