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LME price up but couldn’t close above $... per mton; LME Cash–3M contango widens toward $... per mton

1. LME prices rise but now find selling around $... per mton. The door is open for LME prices to fall toward $... per mton in the short-term.

2. China’s aluminum prices find some support around 19,000 yuan per mton.

3. LME Cash–3M contango widens sharply; far end contango steepest since April 2021.