LME prices down after failing again to remain inside the $… per mton target zone

1. LME prices down amid heavy selling near $… per mton. Although bull run is not technically over, latest price action suggests vulnerability to a sharp short-term correction.

2. SHFE aluminum prices fall after reaching a new 13-year high yesterday.

3. NORTH AMERICA PFA ALERT. STRONGER IMPORTS AHEAD: Semiconductor shortage is reducing PFA spot needs; offshore imports are set to strengthen ahead.

4. US ACR SCRAP ALERT. HIGH AND HIGHER: Aluminum Copper Radiator scrap prices spike. For more details, please subscribe to our specialized US and Mexico Aluminum Scrap Intelligence Report.

5. LME Cash–3M contango widens sharply, new cash-and-carry deals profitable again.

More details in full report.