LME up again; European foundry premium gaps up
1. LME prices increase to fresh two-week highs, attempting to exit $... per mton range.
2. LME backwardation eases slightly, nearby squeeze continues (bullish premiums).
3. EUROPE PFA ALERT. GAPS UP: Spot PFA premiums jump to $... per mton mainly due to current supply constraints.
4. EUROPE CANSHEET ALERT. CAN PLANT ADDITIONS CONTINUE: Ball Corporation to build new plant in Czech Republic. For more details, please subscribe to our specialized Aluminum Rolled Products Intelligence Report.
5. US LITHO SHEET SCRAP ALERT. US brokers narrow discounts on litho sheet scrap. For more details, please subscribe to our specialized US and Mexico Aluminum Scrap Intelligence Report.
6. China’s aluminum prices continue to range-trade just above key support.
More details in full report.