1. LME price down amid weakening Chinese demand data, range-trading within $2,500 and $2,750 per mton continues.
LME Cash aluminum prices closed the session down 1.1% or $… per mton, at $… per mton. Prices fell early in the session amid downbeat Chinese manufacturing activity data and concerns about US-China trade tensions as President Trump said there is “no rush” to discuss tariffs with China’s President Xi. Nevertheless, LME aluminum prices…
2. China’s aluminum price falls amid subdued post-holiday demand.
Prices fell amid rising domestic aluminum inventories. After a weeklong holiday, SHFE front-month aluminum prices closed virtually unchanged at…yuan per mton but fell in after-hours to as low as..
3. ALERT! – GLOBAL ROLLING MILL. COMMISSIONING OF BALCO EXPANSION: Brownfield Expansion Adds… k mton Capacity.
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4. ALERT! – US UBC. TIME FOR PRIME: Mills begin to shun pricey UBC.
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5. LME Cash-3M backwardation eases but nearby tightness remains significant (bearish P1020 premiums).
The Cash-3M backwardation eased to $… per mton from Tuesday’s $… per mton “back”, as conditions loosened ahead of April. The March–April backwardation eased to $…