1. LME prices try again to break above the $… per mton resistance level. Confirmation still crucial amid previous failed breakouts in March.
2. SHFE aluminum prices up but lack enough upward conviction.
3. EUROPEAN BILLET UPDATE. SPOT AT $… PER MTON: Some Q3 contracts closed as high as $… per mton. To see our full European Billet Market Intel and Premiums assessment, please subscribe to our specialized European Billet Intelligence Report.
4. MEXICO SCRAP ALERT. MORE EXPENSIVE THAN P1020? Doing the math for primary scrap units. For more details, please subscribe to our specialized US and Mexico Aluminum Scrap Intelligence Report.
5. MEXICO UBC ALERT. HEATED COMPETITION: UBC prices jump amid increased Mexican demand. For more details, please subscribe to our specialized US and Mexico Aluminum Scrap Intelligence Report.
6. LME Cash–3M contango narrows to one-month lows as conditions tighten ahead of May (still supportive of cash-and-carry deals).
More details in full report.