November 1, 2023
ALERT! – US SLAB.
- LME prices fell again amid fresh evidence of world demand contraction.
- China’s aluminum price holds near two-week highs despite domestic end-user demand contraction.
- ALERT! – US SLAB. UNDER PRESSURE: US spot slab premiums expected to remain under pressure in 2024.
- LME Cash-3M contango widens to one-week high as the December backwardation dissipates (bearish premiums).