LME price extends decline towards $... per mton; Headwinds linger for underperforming US PFA demand

1. LME prices have fallen now over $... per mton or... % since their peak back in early March. LME prices continued to face selling and have virtually reached HARBOR’s $... per mton target.

2. China’s aluminum prices rebound from a fifteen-week low.

3. US-EUROPE SECONDARY ALERT. EUROPEAN UNITS IN THE US: European secondaries shipping units to the US amid declining domestic demand and prices.

4. US PFA ALERT. UNDERPERFORMING: Lingering auto sector headwinds weighing on PFA demand recovery.

5. LME Cash–3M contango narrows amid tighter conditions in the May–July segment (bearish P1020 premiums).