1. LME prices down from near two-week high amid LME inventory buildup, China demand concerns and a strong US dollar. Prices still inside the $… per mton range.
2. China’s aluminum prices capped by technical resistance.
3. ALUMINUM PRODUCTION ALERT. SUPPLY RESTARTS IN CHINA: Smelters in Yunnan restart production amid easing energy tightness.
4. EUROPEAN BILLET ALERT. GREEN PUSH CONTINUES: Hydroannounces new 90 kmtpy secondary billet plant in Hungary.
5. US CAN ALERT. CAN SUPPLY TIGHT & IMPACTED: Two US can plants in Kentucky impacted by severe weather.
Severe weather over the weekend has apparently impacted two can operations in Bowling Green, KY, at a time of can supply tightness. For more details, please subscribe to our specialized Aluminum Rolled Products Intelligence Report.
6. Cash‑3M spread returns to contango; Cash–January “back” incentivizing LME inventory buildups as expected.
More details in full report.