April 3, 2023
ALERT! – LME PRICE.
1. LME price falls amid world demand contraction. Short-term range-trading zone of $… per mton expected to remain.
2. ALERT! – LME PRICE. NOT GOOD: World aluminum demand contracts further, US weakening the most.
3. China’s aluminum prices unable to extend gains beyond current resistance zone.
4. ALERT! – CHINA ALUMINUM. MORE & MORE: Another… mtpy secondary aluminum capacity expansion in China.
5. LME Cash–3M contango widens to one-week highs, regains attractiveness for short-term cash-and-carry deals.