1. LME price falls to $… per mton; technicals remain bullish.
LME 3M aluminum prices closed the session down 0.2% or $… per mton, at $… per mton. Meanwhile, LME Cash prices closed at $… per mton, down $. per mton from yesterday. Prices fell in tandem with the rest of the base metals complex amid disappointing…
2. ALERT!– EUROPE P1020. PAUSE: Rotterdam premiums unchanged as bullish pressure pauses.
Europe’s P1020 duty-paid premium trades sideways as bullish pressure pauses amid summer break, weaker logistics costs, nearby LME spread tightness and …
3. LME Cash-3M contango remains in low single-digits, uneconomic for inventory financing deals.
The Cash-3M contango widened today to $… per mton from $… per mton on Tuesday. The August–October contango widened to $…
4. China’s aluminum prices range-trade around one-week lows.
SHFE front-month aluminum price closed unchanged at… yuan per mton ($… per mton, ex-VAT). Prices continued to trade mainly within a narrow range of…