1. LME price continues to target the $2,700 per mton zone, world demand contracts the most in a year.
LME Cash aluminum prices closed the session up 1.2% or $31 per mton, at a four-month high of…
2. LME Cash–3M contango still in single digits amid a persisting Oct-Nov backwardation (bearish for P1020 premiums).
The Cash-3M contango widened slightly to $8.35 per mton…
3. ALERT! – US EXTRUSIONS. FINAL AFFIRMATIVE DECISION: US DOC re-affirms AD/CVD on extrusions, hikes some rates.
Except for Mexico, Vietnam and India, no relevant changes were included in the final affirmative antidumping (AD) and countervailing duty (CVD) decisions issued by the US Department of Commerce (DOC) regarding…
4. ALERT! – US ZORBA. HIGHER PRICES: Domestic zorba shrugs off potencial port strike.
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5. The Shanghai Futures Exchange (SHFE) was closed today due to China’s National Day weeklong holiday. Trading will resume on Tuesday, October 8.