1. LME price holds support at the $… per mton zone.
Prices were up marginally on Friday. LME 3M aluminum prices closed Friday at $… per mton, up… % or $… per mton from yesterday, while falling in weekly terms by… % or $… per mton. Prices struggled to sustain intraday gains above $…
2. ALERT! – EUROPEAN BILLET. ITS ABOUT MARKET SHARE: Primary producers push billet premiums lower to $… /mton.
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3. LME Cash-3M contango narrows but remains near six-month highs, Cash-November tightness persists.
The Cash-3M contango closed the week narrowing to $… per mton, from yesterday’s six-month high of $… per mton, amid the Cash-November backwardation intensifying to $…
4. China’s aluminum prices rise to a new one-year high, further approaching our next bullish target…
SHFE front-month aluminum prices closed today’s session up… % at… yuan per mton ($… per mton, ex-VAT), testing a new one-year intraday high of… yuan per mton ($… per mton, ex-VAT). Prices continued to be supported by improving domestic demand sentiment following last week’s US–China trade deal, reports of…