September 23, 2022
1. LME 3M aluminum price plunges by 4.9% w/w to $2,165 per mton. Bearish weekly close as $2,000 per mton target gets closer.
2. China’s aluminum prices fall to a two-week low, still within the current trading range.
3. US SLAB ALERT. SLAB TIGHTNESS: Offshore slab imports jump to record; 2023 volumes set to strengthen further.
4. LME Cash–3M contango widens further but the backwardation in late October persists.