1. LME Cash price rallies $… per mton to fresh three-year high of $… per mton. Technical confirmation would open the door for $3,000 per mton before year-end.
LME Cash aluminum prices closed today $… per mton, at a new three-year high, rising by… % or $… per mton from yesterday. Prices increased for a ninth consecutive session, experiencing the longest rally in four-and-a-half years, supported by sustained speculative buying across the base metals complex while…
2. MATING SEASON SERIES – US EXTRUSION SCRAP. LITTLE PROGRESS: Extrusion scrap consumers in no hurry to sign scrap formulas.
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3. LME Cash-3M backwardation steepens to three-week highs as October-November tightness intensifies.
The Cash-3M backwardation intensified to $.. per mton, from yesterday’s $… per mton. The Cash–October contango narrowed to $…
4. China’s aluminum prices climbs to ten-month highs as trading resumes after the weeklong holiday.
SHFE front-month aluminum prices closed today’s session up… % to… yuan per mton ($…. per mton, ex-VAT), extending gains in after-hours trading to a ten-month high of… per mton ($… per mton, ex-VAT). Prices rallied by as much as…