November 12, 2021
1. As anticipated by HARBOR several months ago, LME prices have entered into a cyclical correction stage. After reaching a thirteen-year high of $3,229 per mton, LME prices have…
2. LME prices are currently on track to confirm a cyclical top formation. The $… per mton zone represents a…
3. In our view, LME prices above $… per mton are unsustainable for the months and quarters ahead. HARBOR estimates that the planned price ceiling for China’s coal prices has historically equated to LME prices…
4. HARBOR expects LME prices to decline in 2022 toward $… per mton. HARBOR continues to expect LME prices to reach lower levels in 2022, expecting an average of…