LME prices decline to one-week lows; LME Cash-3M contango widens to a fresh two-week high
August 9, 2021
1. LME prices pressured down by mounting demand concerns and a strong US dollar, next support level stands at $... per mton.
2. SHFE aluminum prices fall after testing resistance at... yuan per mton.
3. RERUN: US BILLET ALERT. THE GREEN REVOLUTION IS HAPPENING IN AMERICA: US green billet premium upcharge emerges.
For more details, please see our full “US Billet Alert” released last Friday.
4. RERUN: US SLAB ALERT. AMERICA PAYS FOR GREEN ALUMINUM: Green slab upcharge emerges in the US.
For more details, please see our full “US Slab Alert” released last Friday.
5. LME Cash–3M contango widens further to fresh two-week highs, front-end of curve steepens.
More details in full report.