1. LME price rises 4.4% w/w, nearing upper-end of the $2,750-2,500 per mton range.
LME 3M aluminum price closed Friday’s session up 1.8% or $48 per mton at $.. per mton following the release of better-than-expected Chinese GDP and US industrial production data, and some speculative…
2. China’s aluminum price reaches six-week highs.
SHFE front-month aluminum prices closed today’s session up 0.6% at… yuan per mton , extending gains in after-hours trading until reaching the… yuan per mton level. Prices climbed to a fresh six-week high amid support from…
3. ALERT! – EUROPEAN BILLET. DEMAND DETERIORATION PAUSES: Southern EU demand slightly better for now, sentiment still not bullish.
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4. ALERT! – EUROPE SECONDARY SCRAP AND INGOT. IT IS WORSENING: No activity, no margin, no improvement in sight.
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5. LME Cash-3M contango at three-month lows, far-end contangos the tightest since 2022.
The Cash-3M contango closed the week tightening to a three-month low of $… per mton (a 1.6% annualized yield), from $… per mton previously. The Cash–February contango widened to $… per mton from…