1. LME price up amid subdued volumes; bearish range trading continues to target $… per mton.
2. LME Cash-3M contango tightens near previous three-month lows, uneconomic for cash-and-carry deals (bearish P1020 premiums).
3. GREEN ALUMINUM MONITOR. SHIFTING TO GREEN FURNACES.
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4. ALERT! – MEXICO UBC. OFFERS JUMP…BUT PRICES STEADY: UBC suppliers asking for… cent/lb, no deals confirmed yet.
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5. The Shanghai Futures Exchange (SHFE) was closed due to China’s week-long New Year holiday. Trading will resume on Monday, February 19, 2024.