1. LME prices close below $… per mton; breach confirmation tomorrow could bring $… per mton.
2. LME INVENTORY UPDATE. LME buildups continue to take place in Asia warehouses amid nearby tightness and short squeeze.
3. LME spread tightness intensifies ahead of February while nearby shorts continue to get squeezed.
4. EUROPEAN ROLLING MILL ALERT. BULLISH COILS & SLABS: European demand and lengthening lead times pressure up aluminum coils and slab premiums. For more details, please subscribe to our specialized Aluminum Rolled Products Intelligence Report.
5. EUROPE SLAB ALERT. TIGHT SLAB MARKET: Strong can, car, and construction offsetting aerospace; Strong demand and tight slab market increasing the importance of captive slab casthouse production.
6. MW & EUROPEAN PREMIUMS ALERT. SUPPLY CHAIN BROKEN: Container crisis still to be reflected on aluminum premiums.
7. China’s aluminum prices fall back toward medium-term support.
More details in full report.