1. LME Cash price drops to two-week lows, falling below $2,400 per mton amid world end-user demand contraction and oil price plunge.
LME Cash aluminum prices closed today at a two-week low of…
2. China’s aluminum prices fall to two-week lows, technicals remain bearish.
SHFE front-month aluminum prices ended the session down 0.7% at…
3. ALERT! – US BILLET. DOUBLE WHAMMY: US Billet Re-melters facing tight margins and weak demand.
4. ALERT! – EUROPEAN BILLET. EUROPEAN SMELTERS OUTPERFORMING: European primary billet producers better positioned than competitors amid challenging demand times.
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5. The LME Cash-3M contango tightens as the October–November backwardation intensifies (bearish premiums).
The Cash-3M contango tightened further to $21.14 per mton…