LME price fails to break above key resistance; MW premium stabilizes but bearishness continues
December 1, 2022
ALERT! – US MW PREMIUM.
1. LME prices unable to sustain gains near our identified technical resistance zone of $... per mton.
2. ALERT! – US MW PREMIUM. CONSOLIDATING: MW premium stabilizes but bearish mood remains.
3. ALERT! – US BILLET. MATING SEASON STILL ON: 2023 billet upcharges softening further.
4. China’s aluminum price tests medium-term technical resistance.
5. LME Cash–3M contango narrows; canceled warrants rise in Asia.