LME Cash price closes again below $2,200 per mton; LME contangos at the narrowest in twelve weeks

1. LME price unchanged today while technical indicators continue to signal bearish momentum.

2. China’s aluminum price holds below short-term resistance levels.

3. LME Cash-3M contango at the narrowest in twelve weeks as Feb-Mar tightness intensifies (bearish P1020 premiums).