LME price down amid more inventory buildups; LME Cash-3M contango widens to 15-year high

 
  1. LME price down 1% today amid prevailing technical resistance at the $… per mton zone; bearish medium-term trend unchanged despite latest rally.

  2. China’s aluminum price holds near one-month highs.

  3. LME Cash-3M contango approaches the widest since 2008 amid ample and growing availability of metal.

 

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