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LME price still above $... with thin trading volumes


1. LME price rises with thin volumes, still below the key resistance zone of $... per mton.

2. The Shanghai Futures Exchange (SHFE) was closed due to China’s New Year weeklong holiday. Trading will resume on Monday, January 30, 2023.

3. ALERT! – US SCRAP. WIDER DISCOUNTS ACROSS THE BOARD. Higher MWTP pushing scrap consumers to widen spreads amid limited appetite for spot units.

For more details, please subscribe to HARBOR’s specialized US and Mexico Aluminum Scrap Intelligence Report.

4. LME Cash–3M contango widens to one-week highs, still unattractive for new cash-and-carry deals.