1. LME price falls 0.8% amid thin trading volumes, technicals remain bullish.
Prices gave back some of last week’s gains. LME 3M aluminum prices closed the session at $… per mton, down… % or $… per mton from Friday. Aluminum prices increased early in the session to levels as high as $…
2. LME Cash-3M contango widens to three-month high of $… per mton, still uneconomic for cash-and-carry deals.
The Cash-3M contango widened today to a three-month high of $…per mton, from Friday’s $… per mton. Nearby conditions continued loosening as the Cash–August spread turned to a $…
3. ALERT! – MEXICO EXTRUSION SCRAP. THROUGH THE ROOF: Extrusion scrap prices in Mexico rise way above prime.
For more details, subscribe to HARBOR’s specialized “ US and Mexico Aluminum Scrap Intelligence” report.
4. China’s aluminum price continues to trade above… yuan per mton.
SHFE front-month aluminum price closed today’s session marginally up at… yuan per mton ($… per mton, ex-VAT). Prices gave up early gains in after-hours, falling to…