1. LME price jumps 3% and nears $2,700-2,750 per mton key cyclical resistance zone on bauxite/alumina supply concerns.
LME 3M aluminum prices closed today at a five-month high of $… per mton. Meanwhile, LME Cash aluminum prices closed today’s session up 3.2% or $…
2. ALERT! – BAUXITE & ALUMINA. BAUXITE FORCE MAJEURE: Alcoa’sbauxite shipments in Brazil impacted by river blockade.
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3. China’s aluminum prices climb to five-month highs, targeting their Q2 high of… yuan per mton ($… per mton, ex VAT).
Prices remained supported by stimulus hopes and overseas bauxite supply issues. SHFE front-month aluminum prices closed today’s session…
4. ALERT! – MEXICO BILLET. SOMETHING HAD TO GIVE: Mexico’s spot billet premiums spike to $620 FCA.
Spot billet premiums in Mexico jump to two-year highs, pushed up by multi-year high P1020 premiums and extrusion scrap prices. Domestic secondary billet…
5. ALERT! – US TWITCH. IT IS ABOUT DEMAND: Twitch moves sideways on prolonged soft demand.
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6. ALERT! – US IRONY EXTRUSION SCRAP. WIDENING: Irony extrusion prices lag MWTP on poor demand.
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7. GREEN ALUMINUM MONITOR. GREEN UPCHARGES: Latest on Green Brands, Partnerships, and Upcharges.
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8. LME Cash–3M contango remains uneconomic; far-end contango tightens to two-year lows (bearish spot premiums).
The Cash-3M contango tightened to $… per mton (a 5.0% annualized yield) from two-week highs of $…