May 24, 2022
US 5052 SCRAP ALERT.
1. LME prices fall further below key resistance level ($… per mton).
2. China’s aluminum prices down to one-week lows as technical downward trend remains in place.
3. US 5052 SCRAP ALERT. PROMPT DEMAND: US brokers buying prompt loads of 5052 scrap for May delivery.
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4. LME Cash–3M contango widens as conditions continue to loosen into Q3.