LME prices face technical selling, MW premium gaps down as bearish pressure intensifies
March 30, 2023
US MW PREMIUM ALERT.
1. LME price remains capped by technical selling, range-trading within our anticipated $... per mton range.
2. US MW PREMIUM ALERT - from HARBOR’s Market Intelligence Unit. GIVES IN: MW premium gaps down as bearish pressure intensifies.
3. China’s aluminum prices hold below medium-term resistance zone.
4. LME Cash–3M contango narrows further but remains attractive for cash-and-carry deals.