December 10, 2024
1. LME Cash price finds some support near $2,550 per mton as range-trading mode continues.
LME Cash aluminum prices increased today by 0.8% or $20 per mton, closing at $.. Aluminum prices increased for the first time in three sessions, rebounding from yesterday’s three-week low, amid…
2. China’s aluminum prices continue to hover around technical support zone.
SHFE front-month aluminum prices closed today’s session down by 0.2% at…yuan per mton. Prices continued to be pressured lower by…
3. The LME Cash–3M contango widens above breakeven levels for short-term financing deals.
The Cash-3M contango widened further to a three-month high of $… per mton (a 7.1% annualized yield) from $… per mton previously. The December–January contango widened to…