1. LME price extends bounce but continues to trade below the key cyclical resistance zone of $2,700-2,750 per mton.
LME Cash aluminum prices closed the session up 1.5% or $38 per mton, at $…
2. China’s aluminum prices test four-month high amid stimulus bets and higher alumina prices.
SHFE front-month aluminum prices closed the session up 1.1% at…
3. ALERT! – US MW PREMIUM. IMPACTED BY SCRAP TIGHTNESS: MW contract negotiations open at three-year highs.
Although MW spot premiums remain under bearish pressure, initial best quotes for 2025 contracts are coming on the…
4. ALERT! – EUROPEAN BILLET. DEMAND PESSIMISM EXTENDS: No demand improvement expected in the next 6 months.
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5. ALERT! – EUROPE SECONDARY INGOT AND SCRAP. HALTING PRODUCTION: European secondaries reducing output as demand plunges.
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6. LME Cash–3M contango widens sharply as the October backwardation halves (still bearish P1020 premiums).
The Cash-3M contango closed the week widening sharply to a two-week high of $…