LME price rallies toward year’s high zone; LME backwardation eases
August 24, 2021
1. LME prices rallied toward the $... per mton zone, one day after manufacturing data signaled world demand continues to slow to more sustainable growth rates.
2. SHFE aluminum prices testing expected resistance around... yuan per mton.
3. LME Cash–September backwardation eases slightly; tightness endures amid highly concentrated warrants and short positions.
More details in full report.