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LME prices break above key $… per mton zone amid unconfirmed rumors of potential production cuts in China

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April 14, 2021
 
LME PRICE ALERT.

1. LME PRICE ALERT. BULLISH BLACK SWAN? LME prices rally amid unconfirmed rumors of potential production cuts in China.

2. CHINA ALUMINUM ALERT. RUMORS OF PRODUCTION CUTS IN CHINA. Unconfirmed rumors of potential production cuts in Xinjiang circulated today in the market. So far, no production cuts have been confirmed nor orders to do so.

3. SHFE aluminum prices rally to a new nine-year high.

4. LME Cash–3M contango widens as nearby tightness eases

More details in full report.

 

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