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LME price bounces back to $... per mton; US Foundry 2021 premiums stable amid supplier competition

NORTH AMERICA PFA ALERT.

1. LME price continues to build support around $... per mton; HARBOR’s price target projection of $... per mton remains on.

2. NORTH AMERICA PFA ALERT. US Foundry 2021 premiums stable amid supplier competition.

3. LME Cash–3M contango widens to $20 per mton, supportive for spot P1020 premiums around the world.

4. CME MW duty-paid premium financials weaken further to a one-month low.

5. HARBOR’s Green Aluminum Upcharge assessed at zero.

6. China’s aluminum prices continue to approach fresh post-pandemic highs.

More details in full report.