MARKET TALK: LME Aluminum To Hold Range Through April

LME aluminum is expected to hold its recent range of $2550 a metric ton to $2875/ton through April but with a slight downward bias, says Harbor Intelligence. April cash prices seen averaging around $2700-$2840/ton. "We still believe the correction will take place in the second quarter but the lower end of the range will probably be broken sometime within May and June," Harbor adds. LME aluminum is last at $2778/ton, +1% overnight.