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LME price closes below cycle peak zone; Contango returns for LME Cash–3M spread


1. LME prices not yet able to consolidate inside the key $... per mton cycle peak zone, where prior bull markets have ended.

2. SHFE aluminum prices rebound toward fourteen-year highs.

3. EUROPEAN ROLLING MILL ALERT. SHEET CONVERSION PRICES SPIKE FOR 2022: European rolling mills locking in 2022 contracts with significant conversion price increases.

For more details, please subscribe to our specialized Aluminum Rolled Products Intelligence Report.

4. LME Cash–3M spread turns to contango for the first time in three weeks.

More details in full report.