LME price falls $... per mton and fails again to break away from range
November 9, 2022
GREEN ALUMINUM MONITOR
1. LME price falls back inside the $... per mton range-trading zone as multimonth technical resistance holds.
2. China’s aluminum price pulls back after testing a two-week high.
3. GREEN ALUMINUM MONITOR. New Green Aluminum Brands Launched.
For more details, please subscribe to HARBOR’s specialized “Green Aluminum Monitor Report.”
4. RERUN: ALERT! EUROPE WIRE ROD. BRIGHT SPOT: European EC rod demand outperformance continues.
For more details, please see HARBOR’s “Alert! – Europe Wire Rod” released earlier today.
5. LME Cash–3M contango narrows marginally, remains unattractive for cash-and-carry deals (bearish premiums).