LME INVENTORIES DROPPED TO A FIVE-MONTH LOW ON SHIPMENTS TO CHINA TO RELIEVE A SHORTAGE, WITH PRICES MOVING TO A STEEPER BACKWARDATION AS NEARBY CONTRACTS TRADED AT A $99.50-A-TON PREMIUM OVER THREE-MONTH FUTURES, THE WIDEST SINCE JANUARY.

LME INVENTORIES DROPPED TO A FIVE-MONTH LOW ON SHIPMENTS TO CHINA TO RELIEVE A SHORTAGE, WITH PRICES MOVING TO A STEEPER BACKWARDATION AS NEARBY CONTRACTS TRADED AT A $99.50-A-TON PREMIUM OVER THREE-MONTH FUTURES, THE WIDEST SINCE JANUARY.

Source:https://x.com/FirstSquawk/status/2084712665734340864