1. LME price hardly changed, still technically targeting the upper end of the $2,500-2,750 per mton trading range.
LME 3M aluminum prices fell today by $3 per mton or 0.1%, closing at $2,578 per mton. Prices experienced a bit of further profit-taking selling amid trade-related volatility and…
2. ALERT! – US WIRE ROD. ALUMINUM DEMAND DESTRUCTION? NOT REALLY: US Tariffs on copper bode well for US aluminum demand/output.
Upcoming 50% Section 232 Tariff on US copper imports has further increased aluminum’s price advantage over copper in the US wire and cable market and strengthened the case for increased US aluminum wire rod and cable demand.
3. LME Cash-3M tightness persists, spreads remain uneconomic for inventory financing deals (bearish P1020 premiums).
The Cash-3M contango widened slightly to $…per mton from $… per mton on Tuesday. The Cash–August sprea
4. China’s aluminum prices drop marginally to a new three-week low.
SHFE front-month aluminum closed today’s session down… % at …