LME price reach HARBOR’s forecasted target zone; LME Cash–3M backwardation eases to single digit
September 1, 2022
ALERT! – LME PRICE.
1. ALERT! – LME PRICE. HARBOR’S PRICE FORECAST REACHED: Door could open soon for $2,000 per mton.
2. China’s aluminum prices fall to two-week lows.
3. US COMMON ALLOY ALERT. INVESTIGATION LAUNCHED: US initiates circumvention inquiry on Chinese imports of 4017 alloy aluminum sheet.
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4. LME Cash–3M backwardation eases slightly, but tightness prevails after October’s prompt (bearish premiums).