LME price up after testing one-month lows; LME Cash-contangos remain wide
November 28, 2023
1. LME price rises amid range-bound trading; medium-term technical indicators still bearish.
2. LME Cash-3M contango narrows from eleven-week highs, remains supportive for cash-and-carry deals.
3. China’s aluminum price holds near three-month lows.