LME price climbs to one-week highs; 2022 US billet contract offers spike into the low… cents/lb

1. LME prices post another 2% rally, as short-term upward trend remains in place, still targeting $… per mton or higher.

2. SHFE aluminum prices close at a six-week high, above… yuan per mton.

3. US BILLET ALERT. OFFER LEVELS JUMP: 2022 billet contract offers jump to… cent/lb and higher.

4. US PFA ALERT. QUIET AND AWAITING: PFA spot premiums unchanged despite semiconductor crisis.

5. LME Cash–3M contango narrows while tightness intensified for late 2021 and early 2022.

More details in full report.