1. LME price rebounds above $2,400 per mton, attempting to consolidate above HARBOR’s identified “value” zone.
LME Cash aluminum prices increased today to $… per mton, rising by 0.6% or $… per mton from yesterday. Prices increased early on Friday as China’s Ministry of Commerce said it is evaluating starting trade talks with the United States…
2. ALERT! – EUROPEAN BILLET. UNCHANGED AGAIN: EU spot billet premiums unchanged for fifth week.
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3. LME Cash-3M contango widens from one-month lows, remains slightly above breakeven for inventory financing deals.
The Cash-3M contango closed the week widening to $…per mton (a 3.8% annualized yield) from yesterday’s one-month low of $… per mton, as tightness receded through July. The May–June contango widened to $…
4. The Shanghai Futures Exchange (SHFE) was closed today due China’s International Workers’ Day holiday. Trading will resume on Tuesday, May 6, 2025.