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LME price support at $... holds; Plunge in US PFA spot premiums


1. LME prices climbed by 2% amid prevailing support at the $... per mton zone, the low end of the prevailing short-term trading range of $... per mton.

2. China’s aluminum prices test one-week highs.

3. ALERT! - US PFA. PLUNGE: US and Mexico PFA spot upcharges gap down to as low as... cent/lb.

4. ALERT! - EUROPE WIRE ROD. SOFTENING: European EC rod spot premiums weaken on supply competition.

5. LME Cash–3M contango narrows to two-week lows, still significantly above break-even levels for cash-and-carry deals amid surplus.