1. LME price rises by most in two weeks amid signs of fresh long buying.
LME 3M aluminum prices closed at a one-week high of $… per mton, up… % or $… per mton from yesterday. Trading volumes in the LME 3M aluminum contract strengthened considerably late in the session as prices surpassed the $…
2. ALERT! – US UBC. YA NO MAS POR FAVOR: US UBC discounts widen to all-time highs of 91-93 cent/lb.
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3. China’s aluminum prices rebound to one-week highs as technical support holds.
SHFE front-month aluminum price closed today’s session up… % at… yuan per mton ($… per mton, ex-VAT), extending gains in after-hours to…
4. LME Cash-3M backwardation remains, far-end spreads tighten from eight-week highs.
The Cash-3M spread backwardation intensified to $0.66 per mton today,from $… per mton yesterday. The Cash–August backwardation narrowed to $… per mton from $… per mton, and the August–September contango widened to $…