LME price up amid range-trading; Nearby LME backwardation returns
July 20, 2022
1. LME prices still experiencing range-bound trading as anticipated, hovering around the midpoint of the $... per mton zone.
2. China’s aluminum prices rebound toward a one-week high.
3. LME Cash–3M spread in backwardation for the first time in four months; far end contangos widen.