1. LME price dragged down a market digested the idea of a US/Russian aluminum partnership.
LME Cash aluminum prices fell to a one-week low of $… per mton, down 0.5% or $… per mton from yesterday. Prices closed at the lowest level in more than one week amid…
2. LME Cash-3M backwardation at the tightest in one week (bearish P1020 premiums).
The Cash-3M backwardation intensified to a one-week high of $… per mton from $… per mton previously. The March–April backwardation widened to $… per mton from $… per mton, and the April–May backwardation intensified to…
3. China’s aluminum price declined further to new two-week lows.
SHFE front-month aluminum prices closed today’s session down 0.8% at… yuan per mton, a fresh two-week low, after testing an intraday low of… yuan per mton. Prices weakened along with LME aluminum prices, pressured…
4. UPDATE! – WORLD SMELTING PRODUCTION COSTS. DOWNTREND CONTINUES. World smelting costs drop to six-month lows.
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