LME price remains within a narrow range; LME Cash–3M backwardation intensifies

June 9, 2021

US 5052 SCRAP ALERT.

1. LME prices continue to range trade around $… per mton.

2. SHFE aluminum prices up but lack momentum to climb back above… yuan per mton.

3. US 5052 SCRAP ALERT. ONGOING DEMAND: Appetite for prompt 5052 scrap units still strong. For more details, please subscribe to our specialized US and Mexico Aluminum Scrap Intelligence Report.

4. US 10/10 EXTRUSION SCRAP ALERT. NOT RECEDING: Consumers looking for June deliveries on full loads of 10/10 scrap. For more details, please subscribe to our specialized US and Mexico Aluminum Scrap Intelligence Report.

5. LME Cash–3M backwardation at the steepest since December 2019.

More details in full report.

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