LME prices fall again below $... per mton amid mounting concerns over China’s demand outlook and news of Kitimat likely restart
September 27, 2021
US MW PREMIUM ALERT.
1. LME prices pull back below $... per mton, Chinese demand outlook worsens.
2. SHFE aluminum prices down amid state reserve sales, weakening demand amid power rationing, and higher inventory levels.
3. US MW PREMIUM ALERT. KITIMAT SET TO RESTART: Rio Tinto reaches agreement with Kitimat's labor union.
4. LME Cash-3M contango widens amid easing conditions ahead of December.
More details in full report.