LME price up after rally reversal; LME Cash-3M contango still wide amid ample metal availability

1. LME prices regained some ground, but bearish pressure remains.

2. SHFE aluminum prices are trapped at the low end of their one-year-old trading range.

3. NORTH AMERICAN PFA ALERT. HEADWINDS: Mounting auto sector issues do not bode well for US PFA.

4. ALERT! – MEXICO UBC. EXPORT ACTIVITY ALIVE: Domestic demand absent, but now some volume flowing to Brazil/US.

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5. LME Cash-3M contango narrows a bit but yields remain high amid ample metal availability.