MARKET TALK: LME Aluminum Slightly Up But Good Supply

LME aluminum firms slightly but likely to struggle with growing market surplus, prices likely to fall; spot demand weak given underlying surplus, high prices, says Harbor Intelligence. Points out growing cash-to-3-month contango at $37/ton from $10 at start of month as indication of sufficient supply. LME 3-month aluminum trades at $2,880, up $2 vs Wednesday PM kerb.