Door open for LME prices to fall toward $... per mton; LME Cash-3M contango the widest in five-weeks
May 23, 2023
ALERT! – LME PRICE.
1. ALERT! – LME PRICE. TARGET REACHED AGAIN: LME price plunges $... per mton to HARBOR’s target.
2. China’s aluminum prices testing the low end of their multi-month trading range.
3. UPDATE! – WORLD SMELTING PRODUCTION COST. FALL FURTHER: World’s avg smelting cost falls further.
For more details on world aluminum smelting cost trends and figures, subscribe to HARBOR’s “Aluminum Smelting Cost” report.
4. LME Cash-3M contango eases to the widest in five weeks amid a dissipating backwardation ahead of June