LME price falls despite energy price volatility; 2022 PFA contract negotiations add a new complex layer—silicon
1. LME prices ease below $... per mton amid range-trading; intraday spike in European natural gas prices supportive.
2. HARBOR FIRST ALERT. GROWING GREEN SLAB MARKET: Almexa and Rusal America sign long-term green/low-carbon primary slab contract.
3. US PFA ALERT. 2022 PFA NEGOTIATIONS RESUME: PFA consumers are now digesting next year’s silicon price adjustments.
4. US ROLLING MILL UPDATE. MAGNESIUM CRISIS UPDATE: Spot Mg prices reach $... per lb, surcharge now seen between... cent/lb.
Magnesium spot prices have almost doubled in the last three days, with scant units available and no price indications yet for 2022. For more details, please subscribe to our specialized Aluminum Rolled Products Intelligence Report.
5. LME Cash–3M contango narrows to three-week lows as conditions tighten through December.
6. The Shanghai Futures Exchange (SHFE) was closed today due to China’s National Day Holiday. Trading will resume on Friday, October 8.
More details in full report.