LME price closes below key support zone; LME backwardation intensifies

1. LME prices close below key level, visit to $2,200-2,100 per mton could be technicaly validates as soon as tomorrow.

LME 3M aluminum prices closed today at $… per mton, down…

2. China’s aluminum price fall to new three-week lows.

SHFE front-month aluminum prices ended the session marginally down at…

3. ALERT! – US ROLLING MILL. FIN MARKET OUTPERFORMING: US Fin prices may increase amid demand and container foil case.

For more details, please subscribe to HARBOR’s specialized “Aluminum Rolled Products Intelligence” Report.

4. LME October–November backwardation intensifies (bearish premiums).

The Cash-3M contango narrowed to a two-week low of…