LME prices up above $... per mton; 2022 PFA negotiations on hold amid spike in silicon prices
1. LME prices climb 3% on easing fears of a Chinese credit crisis. Prices remain inside their all-time high trading range of $... per mton.
2. SHFE aluminum prices resume trading with upward momentum.
3. PFA (A356.2) ALERT. 2022 PFA NEGOTIATIONS ON HOLD: More PFA suppliers looking to include silicon price index in 2022 contracts.
4. EUROPEAN BILLET UPDATE. BULLISH STRIKE: San Ciprian labor strike is set to start on Monday September 27 and further tighten the European billet market.
5. LME Cash-3M contango tightens toward two-week low as December backwardation steepens.
More details in full report.