LME prices maintain upward trend; LME nearby contango widens to new two-month high
1. LME prices continue to trade near $1,670 per mton amid easing market fear and demand optimism.
2. LME August–October contango steepens further amid underlying metal surplus; spreads remain supportive for spot P1020 premiums around the world.
3. China’s aluminum prices rebound after testing one-week lows last Friday.
More details in full report.