LME prices decline to one-week lows; LME Cash-3M contango widens to a fresh two-week high

 

1. LME prices pressured down by mounting demand concerns and a strong US dollar, next support level stands at $… per mton.

2. SHFE aluminum prices fall after testing resistance at… yuan per mton.

3. RERUN: US BILLET ALERT. THE GREEN REVOLUTION IS HAPPENING IN AMERICA: US green billet premium upcharge emerges.

For more details, please see our full “US Billet Alert” released last Friday.

4. RERUN: US SLAB ALERT. AMERICA PAYS FOR GREEN ALUMINUM: Green slab upcharge emerges in the US.

For more details, please see our full “US Slab Alert” released last Friday.

5. LME Cash–3M contango widens further to fresh two-week highs, front-end of curve steepens.

More details in full report.

 

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