LME price range-trades; discounts for MW premium widen while US PFA premiums fall further
1. LME prices hovering around $... per mton, more range trading within $... per mton likely ahead.
2. US MW PREMIUM ALERT-from HARBOR’s Pricing Unit. MW DISCOUNTS FOR 2024: Demand contraction and oversupply widen 2024 MW discounts and terms.
3. ALERT! US PFA. FURTHER DOWN: North American PFA premiums fall to... c/lb.
4. China’s aluminum price up from four-week lows.
5. LME Cash-3M contango widens to a one-month high, still not wide enough for cash-and-carry deals.