1. LME Cash price falls toward $2,550-2,500 per mton zone even after China announcing more stimulus.
LME Cash aluminum prices closed today at $… per mton, down 0.7% or $19 per mton from Friday….
2. China’s aluminum prices continue to trade above technical resistance levels.
Prices trimmed today’s gains amid profit-taking. SHFE front-month aluminum closed the session up 1.0% at…
3. RERUN: ALERT! – EUROPEAN BILLET. NO CONFIDENCE ON OUTLOOK: Billet demand not looking good, bearish pressure rising.
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4. ALERT! – MEXICO UBC MARKET. TWO ITEMS ON DEMAND: Mexican consumers in search for UBCs and 6xxx turnings.
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5. LME Cash–3M contango widens marginally amid easing conditions after December (still bearish P1020 premiums).
The Cash-3M contango widened to $… per mton (a 5.7% annualized yield) from $…