1. LME Cash price drops further to a seven-week low of $2,495 per mton, jeopardizing the $2,500-2,550 per mton support zone and the range-trading pattern in place since October.
LME Cash aluminum prices closed today at a seven-week low of $…
2. China’s aluminum prices declined to three-week lows as demand concerns intensify.
SHFE front-month aluminum prices closed today’s session down by 1.6% at …
3. MATING SEASON SERIES! – US WIRE ROD. MATING SEASON ALMOST OVER: US EC rod contractual upcharge up to as high as… cent/lb.
US EC rod upcharges for 2025 annual contracts increase 2.0 cent/lb y/y, supported by a strong demand outlook and growing offshore imports.
4. ALERT! – BAUXITE BRAZIL. BAUXITE SHIPMENT ISSUE SOLVED: Brazil’s Juruti bauxite vessel blockade has been remedied.
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5. LME Cash–3M contango widens slightly, remains uneconomic; far-end contangos continue to ease.
The Cash-3M contango widened marginally to $… per mton (a 5.8% annualized yield) from $…