LME price end week down and at $... per mton zone
May 12, 2023
1. LME prices close the week down... % w/w and at HARBOR’s target zone of $... per mton.
2. China’s aluminum prices close the week testing the low end of their multi-month trading range.
3. LME Cash-3M contango remains too tight for cash -and-carry deals (bearish P1020 spot premiums).