1. LME prices reverse early intraday gains and end first trading day of the year with losses.
LME Cash aluminum prices closed the session down 0.9% or $23 per mton, at $… per mton. Prices pulled back during the second half of the session as the US dollar rallied to…
2. China’s aluminum price up amid stimulus hopes.
Prices rebounded to a one-week high. SHFE front-month prices closed today’s session up 0.4% at… yuan per mton after testing a one-week intraday high of… yuan per mton. Prices rose along with the…
3. ALERT! – US COMMON ALLOY COIL AND FOIL. OARC announces change in leadership: Faisal Al Hajri leaves OARC to lead new start up.
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4. LME Cash-3M contango widens from one-month lows, still uneconomic for financing deals (bearish P1020 premiums).
The Cash-3M contango widened marginally to $… per mton (a 4.0% annualized yield) from $… per mton previously. The Cash-January contango tightened to…