LME consolidate gains above $... as Kitimat workers go on strike impacting North American market
July 26, 2021
US MW PREMIUM & SLAB ALERT.
1. LME prices technically confirm gains above $... per mton; supply-side environment remains supportive.
2. SHFE aluminum prices up, testing new two-month highs.
3. US MW PREMIUM & SLAB ALERT. ON STRIKE: Kitimat workers go on strike; bullish for MW premium, slab upcharge and LME prices.
4. NORTH AMERICA PFA ALERT. PFA SUPPLY SQUEEZE: Kitimat strike also disrupting PFA North American supply.
5. LME Cash–3M contango narrows to a single-digit, the tightest in five weeks.
More details in full report.