1. LME 3M aluminum price closes at a three-month low of $… per mton. Confirmation of a break below $2,500 per mton would open door for $… per mton.
LME Cash aluminum prices fell 1.6% or $39 per mton, to a two-week low of $… per mton. Meanwhile, LME 3M prices closed today at a three-month low of $… per mton, down…
2. China’s aluminum prices fall toward recent three-month lows.
SHFE front-month aluminum prices closed today’s session virtually unchanged at… yuan per mton. Nevertheless, during after-hours trading, China’s aluminum prices retraced…
3. UPDATE! – WORLD SMELTING PRODUCTION COSTS. FALLING COSTS: World Smelting Costs Slide Further as December Ends.
For more details on world aluminum smelting cost trends and figures, subscribe to HARBOR’s “Aluminum Smelting Cost” report.
4. LME Cash-3M contango widens but remains uneconomic for financing deals (bearish P1020 premiums).
The Cash-3M contango closed the week widening further to $… per mton from $… per mton previously. The January–February contango widened to $… per mton from…