LME price range trading continues; LME Cash–3M backwardation returns
June 16, 2021
1. LME prices range-trade further, while Chinese efforts to curb commodity prices continue.
2. SHFE aluminum prices down on expectations of additional supply and demand slowdown concerns.
3. LME Cash–3M spread return to backwardation as nearby tightness remains in place.
More details in full report.