Limited LME Price Rally Seen Before Bearish Momentum Resumes

Executive Summary

1. Coronavirus derails LME price rally.

    

2. We continue to see world demand activity picking up ahead and a price rally toward… per mton.

    

3. However, resumption of a downward trend in prices is expected for H2 2020.

    

4. HARBOR continues to expect of… per mton for LME Cash average prices in 2020 (base scenario).
    

 More details in full report.