1. LME price continues to regain ground as the ongoing technical rebound targets the $2,500 per mton resistance zone.
LME 3M aluminum prices closed the session up 1.3% or $… per mton, at $… per mton. Prices climbed overnight to a nearly four-week intraday high of $… per mton, bolstered by gains across the base metals complex amid expectations of a tighter copper market in China. Later in the session, aluminum prices remained…
2. China’s aluminum prices testing three-week intraday highs.
SHFE front-month aluminum prices closed today’s session virtually unchanged at… yuan per mton. Nevertheless, prices rose in after-hours to a fresh three-week intraday high of… yuan per mton, following a rebound in LME aluminum prices and…
3. LME Cash-3M contango narrows but remains supportive of short-term inventory financing deals.
The Cash-3M contango narrowed today to $… per mton from $… per mton on Monday. Conditions tightened all the way through July, as the May–June contango narrowed to $… per mton from $…
4. ALERT! – US OLD CAST. SUPPLY LOOSENS UP: Old cast price retreats to a three-month low.
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5. ALERT! – US SILICON. IS THIS A FLOOR? US silicon metal prices hold at pandemic-era lows.
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