LME price tests upper end of trading range; European PFA spot premiums down again
November 8, 2022
ALERT! EUROPE PFA.
1. LME prices are challenging technical resistance at $... per mton.
2. ALERT! EUROPE PFA. DECLINE RESUMES: European PFA spot premiums to as low as $... per mton.
3. ALERT! EUROPE WIRE ROD. BRIGHT SPOT: European EC rod demand outperformance continues.
4. China’s aluminum price struggling to extend gains above one-week highs.
5. LME Cash–3M contango widens further amid a steeper November–December contango.