1. LME prices up and above $2,800 per mton.
LME 3M aluminum prices closed today up… % or $… per mton at $… per mton. Prices defended short-term technical support again at the $2,800-2,850 per mton zone, finding support from technical buying, renewed expectations for China…
2. ALERT! – OSWEGO FIRE. ANOTHER SETBACK: Fire hits Oswego this morning.
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3. ALERT! – EUROPEAN D226 AND SECONDARY SCRAP. UNDERWATER: D226 price lags increasing scrap costs.
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4. LME Cash-3M contango narrows slightly, remains supportive of cash-and-carry deals.
The Cash-3M contango narrowed to $… per mton (a… % annualized yield), from $… per mton previously. The Cash–December contango narrowed to $…
5. China’s aluminum prices stabilizes within HARBOR’s identified target zone.
SHFE front-month aluminum prices closed today’s session up… % at… yuan per mton ($… per mton, ex-VAT), revisiting in after-hours levels as high as…yuan per mton…