1. LME Cash aluminum price rebounds $50 per mton amid short-term support. Prices have yet to re-attempt breaching the cyclical resistance zone of $2,700 per mton.
LME Cash aluminum prices closed the session up 2.0% or $50 per mton at $
2. China’s aluminum prices rose in after-hours trading amid prevailing stimulus expectations.
SHFE front-month aluminum prices closed the session marginally down at…
3. ALERT! – MJP P1020 PREMIUM. HIGH BUT CAPPED: Q4 MJP P1020 premium basically unchanged.
4. ALERT! – PLATE DEMAND. ALUMINUM PLATE INVENTORIES JUMP: Boeing production still stalled, plate inventories surging.
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5. LME Cash–3M contango tightens (bearish P1020 premiums) as October-November backwardation remains steep.
The Cash-3M contango tightened to $10.69 per mton (a 1.7% annualized yield), from $