LME prices trying to re-enter $... per mton zone; LME fwd curve backwardation the sharpest in ten-weeks
January 10, 2022
1. LME price up and trying to re-enter HARBOR’s $... per mton target zone.
2. China’s aluminum prices testing resistance near ten-week highs.
3. GREEN ALUMINUM MONITOR: More Green and Super Green supply to hit the market.
4. LME Cash–3M contango widens amid easing conditions ahead of March but remains unsupportive P1020 spot premiums.
More details in full report.