LME prices re-enter the $… per mton zone; European billet spot premiums stable

 
EUROPEAN BILLET ALERT.

1. LME prices revisit the $… per mton zone as part of the forming technical top formation.

2. China’s aluminum prices up to a six-week high, attempting to breach recent resistance threshold.

3. EUROPEAN BILLET ALERT. LOGISTIC’S JAM: Spot premiums stable, but delivery issues persist.

4. LME Cash‑3M contango widens to fresh five-week highs; canceled warrants up in Asia again.

More details in full report.

 

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