November 19, 2024
1. LME price rises $40 per mton amid thin volume.
LME Cash aluminum prices closed today at $… per mton, up 1.5% or $… per mton from yesterday. Prices increased with thin trading volume during the second half of today’s session, reversing most of yesterday’s drop amid mounting concerns about the…
2. China’s aluminum prices continue testing technical support.
SHFE front-month aluminum prices closed today’s session down 0.5% at… yuan per mton…
3. LME Cash–3M contango tightens again and (bearish P1020 premiums).
The Cash-3M contango tightened to $… per mton (a 3.8% annualized yield) from $…