ALERT! – EUROPEAN BILLET.
December 20, 2023
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LME price falls again amid technical resistance within the multi-month trading range of $… per mton.
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China’s aluminum price capped by technical selling.
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ALERT! – EUROPEAN BILLET. SHORT-TERM UPSIDE: European billet premiums unchanged amid some demand improvement and Red Sea issues.
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LME Cash-3M contango nearly the widest in fifteen years amid a surplus of metal.
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