1. LME price falls … per mton amid Chinese economic struggles and plunging oil prices.
LME Cash aluminum prices fell to a new one-week low of $… per mton, falling by 1.6% or $… per mton from Friday. Meanwhile, LME 3M prices fell by 1.5% today, closing at $…
2. China’s aluminum prices fell amid weak demand signals as a weeklong holiday begins.
SHFE front-month aluminum prices ended today’s session down 0.2% at… yuan per mton. Prices declined along with copper prices as China’s latest…
3. RERUN: ALERT! – EUROPEAN BILLET. LOWER LOWS: Spot billet premiums decline further, eyes $… per mton.
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4. RERUN: ALERT! – EUROPE SCRAP. WIDESPREAD PRESSURE: Billet remelters and secondary producers stay in red.
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5. ALERT! – MEXICO UBC. RANGE TRADING: UBC prices hold their ground amid high uncertainty.
Mexican UBC prices hold at two-year highs amid volatile LME prices, lower spot needs, potential new US tariffs, and past-due payments.
6. LME Cash-3M contango eases from three-month lows but remains in single digits (bearish P1020 premiums).
The Cash-3M contango widened to $… per mton (a 1.5% annualized yield) from Friday’s three-month low of $… per mton. The February–March contango widened to…