LME hits HARBOR’s $2,600 per mton price target; 2022 European mating season starts with bullish impetus
1. LME PRICE ALERT.TARGET HIT: LME hits HARBOR’s $2,600 per mton price target.
2. SHFE aluminum prices rally near three-month highs
3. EUROPE SLAB ALERT. 2022 LOOKS UPBEAT FOR SLAB: European mating season for 2022 starts with bullish impetus.
4. LME Cash–3M backwardation continues to intensify amid the looming implementation of Russia’s export tax.
More details in full report.