LME price stuck below $2,550 per mton; LME 3M contango widens to $… per mton
1. LME Cash price up modestly, holding within the $2,500-2,550 per mton zone.
LME Cash aluminum prices closed today at $… per mton, up 0.3% or $…
2. China’s aluminum prices hold above resistance zone amid stimulus bets and elevated alumina prices.
SHFE front-month aluminum closed the session down 0.2% at…
3. ALERT! – US SCRAP TOLLING. HOLDING FIRM: Toll processors posturing but facing pushback.
For more details, subscribe to HARBOR’s specialized “US and Mexico Aluminum Scrap Intelligence” report.
4. LME Cash–3M contango widens again toward two-month highs, still unattractive for inventory financing despite loosening significantly this week.
The Cash-3M contango widened today to $… per mton (a 5.9% annualized yield), from $…