September 19, 2024
1. LME prices failed to sustain initial gains triggered after yesterday’s Fed decision, remaining within the $2,500-2,550 per mton zone.
LME Cash aluminum prices closed marginally higher at $2,529 per mton, up 0.1% or $3 per mton from yesterday. Prices climbed as much as…
2. China’s aluminum prices rise but lack the conviction to break technical resistance.
SHFE front-month aluminum prices closed today’s session up 0.5% at…
3. LME Cash-3M contango yield still unsupportive for financing deals amid persistent October backwardation (bearish premiums).
The Cash-3M contango widened marginally to $10.63 per mton…