LME price still in short-term range trading
November 3, 2022
ALERT! – US ROLLING MILL.
1. LME price remains range-bound below interim resistance at $... per mton.
2. China’s aluminum price rises to a one-week high.
3. ALERT! – US ROLLING MILL. MISSISSIPPI IS IT: SDIselects Columbus Mississippi for new mill.
For more details, please subscribe to HARBOR’s specialized Aluminum Rolled Products Intelligence Report.
4. ALERT! – EUROPE ROLLING MILL. MORE FOIL IN EUROPE:Constantia Teich to expand foil production.
For more details, please subscribe to HARBOR’s specialized Aluminum Rolled Products Intelligence Report.
5. LME Cash–3M contango widens further as conditions after December are gradually easing (still bearish premiums).