LME price plunges to HARBOR’s anticipated target, surplus metal grows amid widest contango since 2008

1. ALERT! – LME PRICE. TARGET REACHED: LME Cash price falls to HARBOR’s anticipated $2,200 per mton zone.

2. China’s aluminum prices retest two-month lows.

3. ALERT! – EUROPE ROLLING MILL. PRICES DECLINE: Coil conversion prices continue to fall.

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4. LME Cash–3M contango widens to the most since 2008, supportive for cash-and-carry deals.