LME prices stall below $2,600 per mton; LME Cash–3M contango shrinks to one-week lows
August 11, 2021
1. LME prices remain stuck below our previously reached target of $2,600 per mton.
2. SHFE aluminum prices testing new three-month highs.
3. LME Cash–3M contango shrinks to one-week lows; conditions remain tight ahead of September.
More details in full report.
4. US SECONDARY ALUMINUM SCRAP ALERT. WELL SUPPLIED: Secondary smelters out of the scrap market, yards under financial stress.
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