1. LME price falls below the 2,800-2,850 per mton support zone. Door would open for $… per mton if prices fall again on Monday.
LME 3M aluminum prices closed the week at $… per mton,down… % or $… per mton from yesterday, posting a weekly decline of… % or $.. per mton. Aluminum prices retraced toward four-week lows reached earlier this week amid ongoing profit-taking selling across the base metals complex and disappointing preliminary manufacturing data from Europe and the US. Nevertheless…
2. ALERT! – OSWEGO FIRE UPDATE. Oswego cold mill and finishing operations confirmed running, hot mill not yet.
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3. SPECIAL ALERT! – MEXICO UBC. WIDE DISCOUNTS, LIMITED EXPORTS: Export demand plummets, domestic buyers have the upper hand.
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4. ALERT! – EUROPEAN BILLET. FLYING BLIND: Poor demand and business visibility extends into next year.
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5. RERUN: ALERT! – EUROPEAN D226 AND SECONDARY SCRAP. UNDERWATER: D226 price lags increasing scrap costs.
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6. LME Cash-3M contango remains supportive of cash-and-carry deals; concentration of warrant and nearby futures eased.
The Cash-3M contango closed the week at $… per mton (a… % annualized yield), down from $… per mton previously. The December–January contango widened marginally to $… per mton from $…
7. China’s aluminum prices fall but remain within our identified target range.
SHFE front-month aluminum prices closed today’s session down… % at… yuan per mton ($… per mton, ex-VAT) , declining in after-hours to levels as low as…yuan per mton ($… per mton, ex-VAT). Prices fell overnight amid ongoing signs of…