LME rallies but remains inside range; Europe’s EC demand remains strong
1. LME prices extend gains but remains inside $... per mton resistance zone.
2. LME ALUMINUM ALERT. NEXT BLACK SWAN EVENT? Chinese production at risk, SHFE prices spike.
3. China’s aluminum prices jump... % to new nine-year highs.
4. LME Cash–3M spread turns to backwardation, as March backwardation intensifies above $... per mton (bullish spot premiums).
5. EUROPE WIRE ROD UPDATE. STRONG DEMAND: EC rod demand relying on contractual volumes.
More details in full report.