ALERT! – EUROPEAN PFA.
September 24, 2024
1. LME Cash price climbs to a one-month high and inside the $2,500-2,550 per mton zone.
LME Cash aluminum prices closed the session up 2.5% or $61 per mton, at $…
2. China’s aluminum price rebounds to two-month highs after economic stimulus announcement.
China’s aluminum prices reached a two-month intraday high today, after the announcement of…
3. LME Cash–3M contango widens to two-week highs but remains unsupportive for financing deals (bearish premiums).
The Cash-3M contango widened to a two-week high of $21.88 per mton…
4. ALERT! – EUROPEAN PFA. ALIGNED: 2025 PFA contracts closing within spot mkt levels.
Spot market premium levels used as a benchmark for 2025 EU PFA contractual negotiations, while auto market demand keeps deteriorating.