LME falls to seven-week lows; Regions and countries that import the most aluminum from the Middle East
October 17, 2023
SPECIAL ANALYSIS! – MIDDLE EAST EXPORTS.
1. LME prices test fresh multi-week lows amid bearish demand outlook.
2. China’s aluminum prices at six-week lows.
3. SPECIAL ANALYSIS! – MIDDLE EAST EXPORTS. WORLD’S LARGEST EXPORTER: The Middle East is the world’s largest exporter of primary aluminum, which regions and countries are the most exposed?
4. LME Cash-3M contango tightens sharply, insufficient for cash-and-carry deals (bearish premiums).