1. LME price hovers around $2,600 per mton as range trading continues. A Trump win is seen as bearish LME prices and P1020 premiums.
LME Cash aluminum prices closed today’s session up 0.6% or $15 per mton, at $…
2. ALERT! – US BILLET. SIN GANAS: Mating season slows down after ITC ruling.
US billet demand remains depressed, with most extruders struggling with…
3. ALERT! – US CANSHEET. NORMALIZATION CONFIRMED: US Cansheet demand back to normal, margins tighten.
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4. LME Cash–3M contango widens further but remains uneconomic for cash-and-carry deals (bearish spot premiums).
The Cash-3M contango widened further to a one-week high of $… per mton (a 5.4% annualized yield) from Friday’s $… per mton.
5. China’s aluminum prices continue to hover around technical resistance levels.
Prices trimmed losses after testing two-week lows. SHFE front-month aluminum prices closed today’s session virtually unchanged at…