LME prices rally back to $... as supports stands; European foundry premium range widens for 2021
1. LME 3M aluminum prices closed at a two-week high of $... per mton.
2. US MW PREMIUM ALERT. Upward trend in MW spot premiums continues amid bullish confluence of factors.
3. EUROPE PFA ALERT. Start of 2021 PFA contract negotiations offering stark differences in supplier’s approach.
4. Canceled warrants rise in the US amid attractive Cash-3M contango.
5. China’s aluminum prices stuck just below $... per mton, excluding VAT.
More details in full report.