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LME prices continue to be dragged down by coronavirus fears; Cash–3M contango widens slightly

Executive Summary

1. LME prices struggled to sustain gains above... per mton; if the current support fails, the door would open for... per mton.

2. ALUMINUM PRODUCTION UPDATE. Press Metal’s 320 kmtpy primary aluminum expansion project in Malaysia reported to be on schedule for Q4 2020.

3. LME Cash–3M contango widens from a multi-week low amid a slight easing in conditions ahead of May.

4. China’s aluminum prices not yet able to confirm a new leg down amid technical buying.

More details in full report.