LME price support at $… holds; Plunge in US PFA spot premiums

1. LME prices climbed by 2% amid prevailing support at the $… per mton zone, the low end of the prevailing short-term trading range of $… per mton.

2. China’s aluminum prices test one-week highs.

3. ALERT! – US PFA. PLUNGE: US and Mexico PFA spot upcharges gap down to as low as… cent/lb.

4. ALERT! – EUROPE WIRE ROD. SOFTENING: European EC rod spot premiums weaken on supply competition.

5. LME Cash–3M contango narrows to two-week lows, still significantly above break-even levels for cash-and-carry deals amid surplus.