Contango widens to a seven-year high; LME price regains some ground ahead of Fed’s decision

1. LME price up from two-week lows as market awaits Fed’s guidance.

2. China’s aluminum price rebounds toward medium-term technical resistance.

3. ALERT! – ALUMINUM BRAZIL. WEAKNESS: Brazil’s spot P1020 premium range widens, with producers opting for exports amid poor domestic demand.

4. LME Cash–3M contango widens above $… per mton, a seven-year high.