LME price resumes decline; LME Cash–3M contango widens to $... per mton
May 25, 2021
1. As expected, LME price maintains short-term bearish bias, continues to trend toward HARBOR’s correction target zone of $... per mton.
2. SHFE aluminum prices remain near one-month lows.
3. LME Cash–3M contango attractive for new cash-and-carry deals amid wide spreads through August (bearish signal).
More details in full report.