Spike in market fear drags down LME prices; support at $1,680 per mton remains key
1. LME PRICE ALERT. LME prices closed at a new three-year low as market fear spiked above bearish thresholds; breach of... could open door for... per mton.
2. LME Cash–3M contango tightens again to a three-week low, unsupportive for spot premiums.
3. HARBOR’s Implicit Green Aluminum Upcharge assessed today at zero.
4. China’s aluminum prices could confirm a new leg down tomorrow.
More details in full report.