LME prices up amid technical support; Cash–3M contango tightens to a two-week low below $... per mton
July 20, 2021
CARBON BORDER TAX ANALYSIS.
1. LME prices bounce back above key short-term technical support level as market fear eases.
2. SHFE aluminum prices find support at one-week low near... yuan per mton.
3. RERUN: CARBON BORDER TAX ANALYSIS. POTENTIALLY BULLISH…BUT NOT FOR NOW: EU Proposes Carbon Border Tax on Aluminum From 2026.
For more details, please see our “Carbon Border Tax Analysis” released last week.
4. LME Cash–3M contango narrows to a two-week low amid tightening conditions through October.
More details in full report.