1. LME price rises as technical buying steps in. The door is still open for $2,350 per mton as the bearish technical trend remains.
LME 3M aluminum prices closed the session up 1.1% or $28 per mton, at $…
2. China’s aluminum prices also up from yesterday’s three-month lows.
SHFE front-month aluminum prices closed today’s session marginally higher at …
3. ALERT! – US UBC. NEW CONTRACTS, 7-YEAR HIGHS: Spot UBC prices jump on contract reset spike.
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4. LME Cash-3M contango tightens from two-week highs, uneconomic for financing deals (bearish P1020 premiums).
The Cash-3M contango tightened to $… per mton (a … % annualized yield), from a two-week high of $… per mton yesterday. The January–February was…