LME price down amid more inventory buildups; LME Cash-3M contango widens to 15-year high
December 19, 2023
1. LME price down 1% today amid prevailing technical resistance at the $... per mton zone; bearish medium-term trend unchanged despite latest rally.
2. China’s aluminum price holds near one-month highs.
3. LME Cash-3M contango approaches the widest since 2008 amid ample and growing availability of metal.