LME prices down again; LME cash-3M contango widens to $… per mton

1. LME prices down after another failed attempt to sustain levels above $… per mton; failure to consolidate higher could open the door for a $… per mton downside target.

2. SHFE aluminum prices stuck near their interim resistance zone.

3. US 10/10 ALUMINUM EXTRUSION SCRAP ALERT. Buyers narrow discounts on 10/10 extrusion scrap. For more details, please subscribe to our specialized US and Mexico Aluminum Scrap Intelligence Report.

4. LME Cash–3M contango widens to a fresh eight-week high, supportive for P1020 premiums worldwide.

More details in full report.