1. LME prices drop from one-month highs amid profit-taking selling, bullish mode on.
LME 3M aluminum prices closed today at $… per mton, down… % or $… per mton from yesterday. Prices fell amid profit-taking selling across the base metals complex, pulling back from…
2. LME Cash-3M backwardation steepens to fresh two-month highs (bearish P1020 premiums).
The Cash-3M backwardation widened to a two-month high of $… per mton from $… per mton previously. The Cash-September backwardation intensified to $… per mton from $… per mton, while the September–October backwardation steepened sharply to…
3. China’s aluminum prices fell from one-month highs in after-hours.
SHFE front-month aluminum prices closed today’s session up… % at… yuan per mton ($… per mton, ex-VAT), buterased gains in after-hours amid profit-taking selling across the base metals complex, lower alumina prices, and…