LME price hovers around key support; breach could let to a sooner-than-expected $... per mton level
June 20, 2022
1. LME prices slightly up but still gravitating around key $... per mton support. Breach of this support level would open the door for a potential quick visit to $...per mton.
2. China’s aluminum prices continue to test six-month lows.
3. LME Cash-3M contango narrows to one-month lows; far end contangos widening.