1. LME prices retreat to a one-week low amid range-trading and geopolitical uncertainty.
LME 3M aluminum prices extended Friday’s losses, closing at a one-week low of $… per mton, down… % or $… per mton from Friday. Prices fell along with the base metals complex amid…
2. RERUN: ALERT! – EUROPEAN EXTRUSION SCRAP. CLOSURES IN SIGHT? Margins for secondary billet producers are not improving.
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3. ALERT! – MEXICO EXTRUSION SCRAP. ALL SCRAP FOR EXPORT: More Mexican extruders selling scrap, more fighting for it.
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4. LME Cash-3M spread at zero as tightness ahead of September prevails (bearish P1020 premiums).
The Cash-3M backwardation loosened marginally to a contango of $… per mton,from Friday’s backwardation of $… per mton. The August-September backwardation narrowed to $…
5. China’s aluminum price drop toward one-week lows.
SHFE front-month aluminum price closed the session down… % at… yuan per mton ($… per mton, ex-VAT), a one-week low. Prices faced some selling pressure amid…