1. LME price ends week unchanged, keeps bullish bias.
LME 3M aluminum prices closed the session down… % or $… per mton, at $… per mton. Prices were dragged down today by disappointing Chinese economic data confirming a…
2. ALERT! – EUROPEAN BILLET. VACATION MODE: EU spot billet premiums unchanged on summer break.
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3. ALERT! – EUROPEAN EXTRUSION SCRAP. CLOSURES IN SIGHT? Painful margins for secondary billet producers continue.
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4. GREEN ALUMINUM MONITOR. FRESH MOVES & CHALLENGES: Recycling, Nuclear, and Sourcing Threats.
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5. LME Cash-3M spread settles again in backwardation (bearish P1020 premiums).
The Cash-3M spread closed the week tightening to a backwardation of $… per mton, from yesterday’s contango of $… per mton. The August-September spread tightened sharply to a $…
6. China’s aluminum price holds above technical support levels amid renewed stimulus hopes.
SHFE front-month aluminum price closed the session up 0.2% at… yuan per mton ($… per mton, ex-VAT), trimming gains in after-hours to…