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