1. LME price continues to hold above support at $2,600 per mton, technically targeting $2,750 per mton before year-end.
LME 3M aluminum prices closed unchanged from yesterday at $… per mton, trading today within a narrow range of $…
2. ALERT! – EUROPE P1020. RETURN OF THE BULL: European premiums gap up as demand activity picks up.
Spot P1020 premiums rise as market participants aim to build up inventories amid scrap tightness and the potential shutdown of Mozal’s smelter next year. However…
3. LME Cash-3M backwardation narrows but tightness persists ahead of October.
The Cash-3M backwardation eased to $.. per mton from yesterday’s $.. per mton. The Cash-September backwardation widened to $.. per mton from $…
4. China’s aluminum prices rise to one-week highs.
SHFE front-month aluminum prices closed today’s session up… % at… yuan per mton ($… per mton, ex-VAT), a one-week high. Prices briefly tested a one-week intraday high of…