What they said

Strategist at broker Marex said “Aluminum is still seeing this CTA sell program where the short is building to considerable levels,” said Alastair Munro. He added that “There has been much chatter about the possibility of stock inflows around the Third Wednesday prompt. It’s all rumour, but with premiums dropping it would make sense for there to be stock delivered. A metals trader added further, “With so many key data release points this week, metals should continue to see sell-offs ahead of weak data prints,” one metals trader said.