LME prices fall further; Contangos near decade-highs

1. LME price again below $…. per mton amid mounting demand concerns. The next technical target remains $… per mton.

2. RERUN: SPECIAL ANALYSIS! – RECESSION IN THE ALUMINUM INDUSTRY. We have been in technical recession since last February.

For more details, please see “Special Analysis! – Recession in the Aluminum Industry” released yesterday.

3. LME nearby and far-end contangos near decade-highs amid ample and growing metal availability.

4. UPDATE! – WORLD SMELTING PRODUCTION COST. TICK UP: World aluminum smelting costs up slightly.

For more details on world aluminum smelting cost trends and figures, subscribe to HARBOR’s “Aluminum Smelting Cost” report.

5. SHFE aluminum price up from three-week lows, toward their technical resistance zone.