LME prices find some interim relief; CME MW duty-paid financials for H1 2020 bounce back to...cent/lb
1. LME prices find some support amid easing market fear. If the key $1,680 per mton support fails, then $1,550 per mton becomes a possibility.
2. LME Cash–3M contango widens to a three-week high amid loosening nearby spreads (supportive for spot premiums).
3. CME MW duty-paid financials for H1 2020 bounce towards 13.60 cent/lb.
4. China’s aluminum prices underperform and remain near-one-year lows.
More details in full report.