Bearish LME price momentum remains; Si/Mg prices plunge; European 2022 PFA contractual premiums up
November 2, 2021
EUROPE PFA ALERT.
1. LME prices fall as the $... per mton short-term target remains.
2. China’s aluminum prices hovering around near three-month lows.
3. SILICON AND MAGNESIUM ALERT. PLUNGING: Silicon and Magnesium prices down... % since early October.
4. EUROPE PFA ALERT. RISING DESPITE AUTO WEAKNESS: 2022 PFA upcharges jumping to as high as $... per mton, in addition to new silicon surcharge.
5. LME Cash–3M widens as tightness after December continues to recede.
More details in full report.