LME price falls amid profit-taking; European PFA consumers worried about energy availability
July 25, 2022
EUROPE PFA ALERT.
1. LME prices down from two-week highs, still inside the expected $... per mton trading range.
2. China’s aluminum prices face selling pressure above... yuan per mton.
3. EUROPE PFA ALERT. ENERGY CRISIS: European PFA spot premiums unchanged; energy concerns take pole position.
4. LME Cash–3M backwardation dissipates and far-end contangos steepen toward new highs.