LME price still trading around $… per mton; China restarts capacity and begins unloading state reserves

 
LME PRICE ALERT.

1. LME prices up amid subdued volumes, while relevant bearish factors continue to emerge from China. Correction targeting $… per mton remains on.

2. SHFE aluminum prices climb back to one-week highs.

3. LME PRICE ALERT. TWO BEARISH PUNCHES: China restarts capacity and begins unloading state reserves.

4. LME canceled warrants spike again in Malaysia, supporting the already lengthy load-out queues (premium supportive).

5. EUROPEAN ROLLING MILL ALERT. IT’S A SELLERS MARKET: Mating season starts early and with higher prices. For more details, please subscribe to our specialized Aluminum Rolled Products Intelligence Report.

6. US EC WIRE SCRAP ALERT. NARROWER DISCOUNTS: US brokers looking for prompt delivery of EC wire scrap. For more details, please subscribe to our specialized US and Mexico Aluminum Scrap Intelligence Report.

7. GREEN ALUMINUM MONITOR: Scrap and Hydrogen are Becoming the Preferred Inputs to Lower Carbon Emissions.

For more details, please see our “Green Aluminum Monitor” released earlier today.

8. LME Cash–3M contango widens to three-week highs amid inventory inflow in Taiwan.

More details in full report.

 

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