1. LME price rises to a seven-week high and could soon technicaly confirm the resturn of the $… per mton predominant range.
LME 3M aluminum prices closed the session up 1.4% or $35 per mton, at $… per mton. Prices climbed to a fresh seven-week high of $… per mton, outperforming the base metals complex, bolstered by strong…
2. LME Cash-3M backwardation narrows, but tightness persists ahead of June (bearish P1020 premiums).
The Cash-3M backwardation narrowed to $… per mton from yesterday’s $… per mton. Tightness eased slightly through June, as May–June backwardation eased to $…
3. China’s aluminum prices hit fresh six-week highs as technical rally continues.
Prices tested above their technical resistance. SHFE front-month aluminum prices closed today’s session up 0.9% at… yuan per mton ($… per mton, ex VAT), extending gains in after-hours to a…