LME price down again on unsupportive demand signals; LME Cash–3M contango approaching $... per mton
May 25, 2022
1. LME prices drop back to one-week lows as demand concerns persist and short-term technical outlook remains bearish.
2. China’s aluminum prices find some support at one-week lows; demand sentiment remains downbeat.
3. LME Cash–3M contango widens to one-week highs; conditions ahead of July remain significantly loose.