1. LME price rebounds amid easing trade tensions and bullish technical momentum.
LME Cash aluminum prices closed the session up… % or $… per mton, at $… per mton. Trade tensions between the US and China cooled over the weekend, fueling gains across world equity and commodity markets and propelling LME 3M aluminum prices to as high as $…
2. ALERT! – EUROPEAN BILLET. RETURN OF THE BEAR? Spot billet premiums decline, EU secondaries in anguish.
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3. LME Cash-3M backwardation intensifies to $… per mton, the widest since February, amid October short squeeze.
The Cash-3M backwardation intensified to a seven-month peak of $… per mton, from Friday’s $… per mton. Conditions continued to tighten amid the October third-Wednesday settlement (this week), with the October–November backwardation intensifying to $
4. China’s aluminum prices bounce back in after-hours as trade tensions ease.
SHFE front-month aluminum prices closed down.. % at… yuan per mton ($… per mton, ex-VAT) , before rebounding in after-hours to… yuan per mton ($… per mton, ex-VAT). Prices recovered most of Friday’s losses as…
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