LME falls again below $… per mton; European billet premiums spot spike

1. LME prices failed again to sustain levels above $… per mton.

2. EUROPEAN BILLET UPDATE. PARABOLIC INCREASE: Spot premium spikes to a high of $… per mton. To see our full European Billet Market Intel and Premiums assessment, please subscribe to our specialized European Billet Intelligence Report.

3. China’s aluminum prices fall after testing a nine-year high.

4. LME Cash–March backwardation steepens sharply to $… per mton; however, conditions after March remain supportive.

More details in full report.