LME rallies but remains inside range; Europe’s EC demand remains strong

1. LME prices extend gains but remains inside $… per mton resistance zone.

2. LME ALUMINUM ALERT. NEXT BLACK SWAN EVENT? Chinese production at risk, SHFE prices spike.

3. China’s aluminum prices jump… % to new nine-year highs.

4. LME Cash–3M spread turns to backwardation, as March backwardation intensifies above $… per mton (bullish spot premiums).

5. EUROPE WIRE ROD UPDATE. STRONG DEMAND: EC rod demand relying on contractual volumes.

More details in full report.