1. LME prices regain further ground amid improving end-user aluminum demand momentum across the US and Europe after three years of contraction.
LME 3M aluminum prices increased today by… % or $… per mton, closing at $… per mton. Prices climbed today to intraday levels as high as $… per mton after the release of much stronger-than-expected data on US manufacturing activity…
2. ALERT! – US A380. FOUR-MONTH LOWS: US A380 spot prices sink on poor demand, discounting.
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3. LME Cash-3M and far-end spreads tighten, remain uneconomic for cash-and-carry deals (bearish P1020 premiums).
The Cash-3M contango narrowed for a third consecutive session,settling at $.. per mton (a… % annualized yield) from $… per mton yesterday. The Cash-September contango tightened to $…
4. China’s aluminum prices rebound to one-week highs.
Prices rose amid improving end-user demand sentiment. SHFE front-month aluminum prices rose by… % to… yuan per mton ($… per mton, ex-VAT), extending gains in after-hours to… yuan per mton ($… per mton, ex-VAT). China’s aluminum prices increased along with..