LME price up but couldn’t close above $… per mton; LME Cash–3M contango widens toward $… per mton

1. LME prices rise but now find selling around $… per mton. The door is open for LME prices to fall toward $… per mton in the short-term.

2. China’s aluminum prices find some support around 19,000 yuan per mton.

3. LME Cash–3M contango widens sharply; far end contango steepest since April 2021.