November 1, 2022
ALERT! – BRAZIL ALUMINUM.
1. LME price range-trading continues.
2. China’s aluminum price rises after testing a three-month low.
3. GREEN ALUMINUM MONITOR. Green upcharge returns to the billet market.
4. ALERT! – BRAZIL ALUMINUM. STANDSTILL: Brazil’s spot P1020 and billet demand absent; import quota may be reduced.
5. LME Cash–3M contango widens, backwardation persists for early 2023 (bearish premiums).