LME price fails to break above key resistance; MW premium stabilizes but bearishness continues

 
ALERT! – US MW PREMIUM.

1. LME prices unable to sustain gains near our identified technical resistance zone of $… per mton.

2. ALERT! – US MW PREMIUM. CONSOLIDATING: MW premium stabilizes but bearish mood remains.

3. ALERT! – US BILLET. MATING SEASON STILL ON: 2023 billet upcharges softening further.

4. China’s aluminum price tests medium-term technical resistance.

5. LME Cash–3M contango narrows; canceled warrants rise in Asia. 

 

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