LME Price Correction Toward $... per mton Continues
April 17, 2023
1. LME prices continue to range-trade with a bearish bias inside the $... per mton zone. LME prices reached in March a five-month low of $... per mton (reaching HARBOR’s 2023 base forecast of $... per mton)...
2. Prices below $.. per mton remain possible but look fundamentally unsustainable in the short term. From a fundamental...
3. We continue to see prices falling toward the $... per mton zone before the end of this year. Additional room to the downside will...
4. Consensus forecast for 2023 was downgraded toward HARBOR’s long-held forecast. HARBOR continues to see LME prices averaging $... per mton in 2023 with a short-term visit of levels near $... per mton in...