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LME price down and technicals still bearish; European PFA demand plummets on automotive industry halt

EUROPE PFA ALERT.

Executive Summary

1. LME prices technically vulnerable to further test the $... per mton range; oil price rally remains somewhat supportive.

2. EUROPE PFA ALERT. PFA demand plummets amid automotive halt.

3. BRAZIL ALUMINUM ALERT. Brazil's demand plunges amid coronavirus outbreak.

4. LME nearby contango hovering around widest spread in four years amid ample metal availability.

5. China’s aluminum prices up and above the... yuan per mton support threshold.

More details in full report.