May 17, 2022
US BILLET ALERT.
1. LME prices advance further and may attempt to test $…per mton where a key medium-term technical resistance zone is.
2. China’s aluminum prices unchanged after reaching one-week highs.
3. US BILLET ALERT. RETRACE: US spot billet upcharge declines to as low as 28.0 cent/lb.
4. UPDATE! – EUROPE ROLLING MILL. European duty suspension uncertain.
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5. LME Cash–3M contango narrows; live warrants drop farther amid cancelations in Asia.