LME prices rally on demand optimism, have yet to exit range trading mode
1. LME prices rallied by the most since October 2018; prices have yet to exit range- trading mode to confirm a cyclical trough.
2. LME Cash–3M contango widens from a seven-week low; a dominant warrant-holding position emerges again.
3. MW Duty-Unpaid P1020 premium assessed today at... cent/lb.
4. China’s aluminum prices unleash a new upward target.
More details in full report.