LME price down as oil price plunge and US and European demand contracts further
February 1, 2023
1. LME prices remains down amid more evidence of physical demand contraction in the US and Europe.
2. China’s aluminum prices unable to break above their six-month trading range.
3. LME Cash–3M contango widens from one-week lows, continues hovering below break-even levels for cash-and-carry deals.