LME price up but still below resistance zone

1. LME price still unable to breach technical resistance zone of $… per mton.

2. China’s aluminum price remains capped by medium-term technical resistance.

3. LME Cash–3M contango still wide.

4. RERUN: ALERT! – EUROPEAN SCRAP. NO DEMAND IN SIGHT: Large UBC and segregated scrap consumers out of the market until end of Q1 2023.

For more details, please subscribe to HARBOR’s specialized Europe Scrap Intelligence Report.