July 17, 2023
ALERT! – EUROPE PFA.
LME price down on continued profit-taking; Europe PFA spot premiums down to nineteen-month lows
1. LME prices fall amid downbeat Chinese demand data and ongoing profit-taking from last week’s rally.
2. SHFE aluminum prices retrace further, nearing the low end of their trading range.
3. ALERT! – EUROPE PFA. 19-MONTH LOWS: European PFA spot premiums decline to as low as $625 per mton.
4. GREEN ALUMINUM MONITOR. The Super Green Aluminum race heats up.
For more details, subscribe to HARBOR’s specialized “Green Aluminum Monitor” reports.
5. LME Cash-3M contango regains steepness, supportive for short-term cash-and-carry deals.