LME prices bounce back as volatility continues; Chinese aluminum demand destruction intensifies

1. LME prices outperform amid supportive technicals, still hovering around $… per mton.

2. SHFE aluminum prices bounce back to… yuan per mton.

3. CHINA ALUMINUM ALERT. CHINESE DEMAND DESTRUCTION: Energy crisis is impacting aluminum demand more than production, inventories rising.

4. SILICON SPECIAL ALERT. AT RISK: Ongoing silicon price spike and semiconductor shortage could deepen auto production curbs.

5. LME Cash-3M contango unchanged; backwardation after December remain steep.

More details in full report.