LME volatility continues with prices still below $2,900; Scepter announces Super Green slab contract with Novelis; European PFA spot premiums jump to $…

 
US SLAB ALERT.

1. LME prices up as volatility continues, selling pressure persists at levels above $… per mton.

2. SPECIAL LME PRICE ANALYSIS. Who Is behind the LME price rally to $3,000 per mton?

For more details, please see our “Special LME Price Analysis” released earlier today.

3. SHFE aluminum prices attempt to find support after pulling back from a fifteen-year high.

4. EUROPE PFA ALERT. HIGHER YET: European PFA spot premiums jump as high as $… per mton.

5. EUROPEAN ROLLING MILL ALERT. CHINA-THAILAND CIRCUMVENTION: Chinese foil found to be re-exported through Thailand.

A detailed investigation by the European Commission revealed Chinese-origin household foil being re-exported through Thailand. For more details, please subscribe to our specialized Aluminum Rolled Products Intelligence Report.

6. US SLAB ALERT. SUPER GREEN US SLAB DEAL SIGNED: Scepterand Novelis sign 200k mton agreement.

7. LME Cash–3M contango widens to three-month highs, while the backwardation at the far end of the curve intensifies on producer selling

More details in full report.

 

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