LME prices down below $... per mton after testing $3,000; Producer selling behind steepest discount in thirteen years
September 13, 2021
1. LME PRICE ALERT. PRICES HIT ALL-TIME CYCLE PEAK ZONE: LME prices reach $3,000 and then fell back below $...
2. SHFE aluminum prices climb to a fifteen-year high but reverse gains.
3. CME MW premium curve firms up but remains in backwardation through 2022.
4. LME backwardation at the far end of the curve intensifies amid producer selling.