LME Cash price falls to $... per mton; Bearish pressure on US MW premium amid contracting demand
March 9, 2023
ALERT! – US MW PREMIUM.
1. LME price maintains a bearish short-term technical formation, targeting the $... per mton zone in the short term.
2. ALERT! – US MW PREMIUM. BEARISH: MW premium bearishness intensifies, demand contracting.
3. ALERT! –GREEN ALUMINUM PRODUCTION. GREEN TRANSFORMATION: Speira accelerates its shift to secondary production.
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4. China’s aluminum prices stuck below short-term technical resistance.
5. LME Cash–3M contango remains steep above $... per mton, supportive for cash-and-carry deals.