LME price plunges to HARBOR’s anticipated target, surplus metal grows amid widest contango since 2008
March 15, 2023
ALERT! – LME PRICE.
1. ALERT! – LME PRICE. TARGET REACHED: LME Cash price falls to HARBOR’s anticipated $2,200 per mton zone.
2. China’s aluminum prices retest two-month lows.
3. ALERT! – EUROPE ROLLING MILL. PRICES DECLINE: Coil conversion prices continue to fall.
For more details, please subscribe to HARBOR’s specialized Aluminum Rolled Products Intelligence Report.
4. LME Cash–3M contango widens to the most since 2008, supportive for cash-and-carry deals.