1. LME price up 1% today amid short-term range-trading below the $2,500 per mton resistance zone.
LME 3M aluminum prices closed the session up 1.2% or $… per mton, at $… per mton. Prices were bolstered by the resumption of US-China trade talks today and better-than-expected US jobs data released last week. Indeed, trade optimism supported…
2. URGENT ALERT! – US MW PREMIUM. ALL-TIME RECORDS: MW duty-paid premium doubles to… c/lb amid 50% Tariff.
MW duty-paid spot premium rises to an all-time high of… cent/lb, reaching HARBOR’s forecasted target of… cent/lb. Duty un-paid premium rises to as high as… cent/lb. The US MW P1020 Premium has doubled in a week amid the new Section 232 Tariff of 50% on all aluminum imports…
3. LME Cash-3M contango tightens to $… per mton; Concentrated nearby longs remain supportive of tightness.
The Cash-3M contango tightened to $… per mton from Friday’s $… per mton. Conditions remain significantly tight ahead of July, as the Cash-June backwardation intensified to $… per mton from $…per mton, while the June–July spread…
4. China’s aluminum prices trimmed losses amid US-China trade talks optimism.
SHFE front-month aluminum closed today’s session down 0.2% at… yuan per mton ($… per mton, ex VAT). Prices declined on deflation concerns following the sharpest drop in…