LME prices fall back to HARBOR’s support zone; LME backwardation widens at the back end of the curve
November 9, 2021
1. LME prices down 2% and back to support zone.
2. China’s aluminum prices remain with a downward bias and testing key support levels.
3. GREEN ALUMINUM MONITOR: More super green aluminum supply.
For details, please see our “Green Aluminum Monitor” released earlier today.
4. LME live aluminum warrants drop to the lowest since 2005 as cancelations rise in Asia.
5. LME Cash–3M contango narrows, as December‑January tightens; back at the back end widens.
More details in full report.