LME price range trading continues; US spot premiums fall for billet and foundry

1. LME price continues to trade in a tight range.

2. ALERT! – US BILLET. GAPS DOWN: US spot billet premiums gap down to… cent/lb.

3. ALERT! – US PFA. SINGLE DIGITS: 2023 contractual PFA premiums fall further.

4. China’s aluminum price stuck near multi-month lows.

5. LME Cash–3M contango widens to one-week high as conditions ease after December (still bearish premiums).