LME price up 6% as Q4 portfolio rebalancing continues; LME Cash–3M contango at a one-month low

1. ALERT! – LME PRICES. LME prices climb to a one-month high, testing resistance at $… per mton largely supported by portfolio adjustments. Technical downward trend targeting $… per mton remains on.

2. LME Cash–3M contango narrows to one-month lows, as steep tightness prevails through November.

3. GREEN ALUMINUM MONITOR. Green Upcharge spikes for EC wire rod; more companies are investing in sorting technologies.

For more details, please subscribe to HARBOR’s specialized “Green Aluminum Monitor Report.”

4. The Shanghai Futures Exchange (SHFE) was closed today due to China’s National Day holiday. Trading will resume on Monday, October 10.