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LME prices rally back toward $1,740 per mton as coronavirus fears ease somewhat; MW financials firm up

Executive Summary

1. LME prices regained most of the ground lost over the previous two sessions amid easing fears about the potential negative economic effects of the coronavirus and supportive Fed comments.

2. LME Cash–3M contango narrows to the lowest mark in a week but remains supportive for spot premiums.

3. CME MW duty-paid financials for Q2 2020 strengthen to a two-week high of... cent/lb.

4. China’s aluminum prices climb to a one-week high amid easing virus concerns.

More details in full report.