May 16, 2022
EUROPE ROLLING MILL ALERT.
1. LME prices climb to the $2,800–$2,840 per mton resistance zone, prices remain technically in bearish mode targeting $2,550 per mton.
2. China’s aluminum prices retreat from one-week highs.
3. EUROPE ROLLING MILL ALERT. EXPANSION SETBACK: Gränges Konin mill suffers fire.
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4. LME Cash–3M contango widens amid loose conditions ahead of June.