LME price still inside key resistance zone; LME Cash–3M backwardation reaches $… per mton (unsupportive of P1020 premiums)

 
EUROPE PFA ALERT.

1. LME prices marginally up and inside key $… per mton resistance range.

2. LME Cash–3M backwardation reaches $… per mton; severe tightness remains concentrated in February–March segment.

3. China’s aluminum prices still testing resistance zone.

4. ALERT! – CHINA SMELTING RESTARTS. RESTARTS ACCELERATE: China smelting expansions and restarts gain momentum.

5. EUROPE PFA ALERT. RISING: Spot PFA premiums continue to rally on H2 2022 auto demand optimism.

6. NORTH AMERICA SCRAP TRADE UPDATE. India buying in North America.

For more details, please subscribe to our specialized US and Mexico Aluminum Scrap Intelligence Report.

7. US ACR SCRAP ALERT. HOLDING UP: ACR demand and prices remain strong.

For more details, please subscribe to our specialized US and Mexico Aluminum Scrap Intelligence Report.

8. US 6063 SCRAPALERT. HOT ITEM: Extrusion scrap demand and prices continue to increase.

For more details, please subscribe to our specialized US and Mexico Aluminum Scrap Intelligence Report.

9. MEXICO SECONDARY ALERT. WIDER DISCOUNTS: Transactional A380 prices in Mexico trading 10 cent/lb below journalistic references.

For more details, please subscribe to our specialized US and Mexico Aluminum Scrap Intelligence Report.

 

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