LME price unchanged, below expected resistance zone
September 6, 2023
1. LME price remains unable to sustain intraday gains above $... per mton.
2. SHFE aluminum prices continue testing the upper end of their trading range.
3. RERUN: HARBOR FIRST! –LARGEST GREEN REMELTER IN THE WESTERN WORLD: Aluxite to increase billet/slab capacity to 400k mtpy.
For more details, please see “HARBOR First! Largest Green Remelter in the Western World” released yesterday.
4. LME Cash-3M contango narrows slightly but remains at historically wide levels, supportive for cash-and-carry deals.