LME prices fall further and may open door tomorrow for $… per mton or lower

 
US SLAB ALERT.

1. LME prices fall to fresh four-week lows and could open door to $… per mton, and ultimately $… per mton.

2. China’s aluminum prices testing interim support, door could open for lower levels if breached.

3. US SLAB ALERT. ROBUST DEMAND: North American slab demand is booming.

4. LME Cash–3M contango narrows slightly from one-year highs. Wide Cash-3M contango remains supportive for spot P1020 premiums.

 

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