LME price down 2% as US dollar rallies; China’s aluminum price down sharply from 13-year high

 

1. LME prices plunged by the most in four weeks after failing to break resistance at $… per mton.

2. SHFE aluminum prices fall sharply after testing thirteen-year highs.

3. LME Cash–3M backwardation remains in double digits as nearby tightness persists.

More details in full report.

 

Request a Sample

Previous Article LME prices stuck at $.. per mton; SHFE prices test new thirteen-year highs Next Article LME price drops to three-week lows as Fed seen tapering stimulus; LME backwardation steepest in five months
icon-angle icon-bars icon-times