LME price stuck below $2,500

1. LME prices held below the technical resistance zone of $2,500 per mton, after pulling back sharply last week.

Prices increased slightly following Friday’s 2.6% selloff. LME Cash aluminum prices closed the session up 0.4% or $10 per mton, at $…

2. China’s aluminum prices continue to retreat from previous two-month highs.

SHFE front-month aluminum prices closed today’s session down 1.1% at…

3. LME Cash–3M contango yield still unsupportive for financing deals (bearish premiums).

The Cash-3M contango narrowed marginally to $21.00 per mton…