LME prices up but still below $... ; LME load-out queues lengthen in Malaysia (another premium supportive factor)
August 10, 2021
1. LME prices up but unable to bounce back above $... per mton.
2. SHFE aluminum prices up to three-month highs.
3. Lengthier LME load-out queues emerge in Malaysia, another premium supportive factor.
4. LME Cash–3M contango tightens amid the emergence of an August–September backwardation.
More details in full report.