LME price up to interim resistance zone; Bearish clouds emerging for the US EC rod market

1. LME price climbs toward interim resistance zone of $… per mton amid US dollar weakness; predominant short-term range-trading zone seen at $… per mton.

2. China’s aluminum prices once again test short-term resistance levels.

3. ALERT! – US WIRE ROD. BEARISH CLOUDS: US EC rod demand remains strong, bearishness emerging.

4. ALERT! – EUROPEAN BILLET. Q3 GETTING MORE EXPENSIVE: European spot, May and June trading at $… per mton, Q3 at $… per mton.

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5. LME Cash–3M contango narrows to a two-month low amid tightness ahead of April’s third-Wednesday.