LME price down 5% in February; LME nearby contango profitable again for cash-and-carry deals

1. LME price declines again and tests the $… per mton range.

2. China’s aluminum prices capped by medium-term technical resistance.

3. ALERT! – US PFA. SURPLUS IN THE WORKS? Demand subdued, domestic production on the rise.

4. LME Cash–3M contango widens above break-even levels; far-end contango nearly at nine-year highs.