LME price rebounds from multi-week lows

ALERT! – JAPAN ADC12.
 

1. LME price rallies 1.9% to short-term resistance levels; underlying bearish trend remains in place.

2. China’s aluminum price rises to one-week highs.

3. ALERT! – JAPAN ADC12. INDIA GETTING MORE ATTRACTIVE: More ADC12 likely to flow to India as prices stay above Japan’s.

For more details, subscribe to HARBOR’s specialized “US and Mexico Aluminum Scrap Intelligence” report.

4. LME Cash-3M contango narrows further from earlier six-week highs, remains attractive for cash-and-carry deals.

 

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