LME price pulls back amid range-trading; US-Mexico spot PFA upcharge falls to as low as… cent/lb

1. LME prices fell today amid demand contraction and uncertainty, tight monetary conditions; short-term range-trading conditions are still in place.

2. LME Cash–3M contango shrinks amid April-May backwardation; nearby contango yields no longer attractive for cash and carry deals.

3. ALERT! – US PFA. FALLS FURTHER: US-Mexico PFA spot upcharge falls to low of… c/lb.

4. ALERT! – EUROPE ROLLING MILL. ROLLING MILLS PURCHASED: Jupiter Aluminium acquires Aludium, gets three more mills.

For more details, subscribe to HARBOR’s specialized “Aluminum Rolled Products Intelligence” Report.

5. China’s aluminum prices rise toward medium-term technical resistance zone.