Subscription Inquiry
Subscription Inquiry

LME prices down as resistance holds at $2,900 per mton; Producer selling behind backwardation at back end of the curve

  • Home
  • News Articles
  • LME prices down as resistance holds at $2,900 per mton; Producer selling behind backwardation at back end of the curve
September 16, 2021
 

1. LME prices still unable to sustain levels above $2,900 per mton amid technical selling and Chinese demand slowdown concerns.

2. SHFE aluminum prices up but lack enough momentum to retest a fifteen-year high.

3. LME Cash–3M contango narrows slightly from twelve-week highs.

More details in full report.

 

Request a Sample

Previous Article LME volatility continues with prices still below $2,900; Scepter announces Super Green slab contract with Novelis; European PFA spot premiums jump to $... Next Article LME price down in weekly terms; European P1020 spot premiums edge higher; Another inflationary booster for PFA and Slab premium upcharges
icon-angle icon-bars icon-times