LME price climbs toward upper end of trading range; US billet demand deteriorates further

1. LME price still trading inside our expected $… per mton range, testing a six-week high today.

2. US BILLET ALERT. IN NO HURRY: Mating season set to last longer as billet demand deteriorates further.

3. US BILLET ALERT. ANOTHER SURCHARGE: Hydro announces a fuel surcharge to billet deliveries within the US.

4. China’s aluminum prices test a one-month high on supply-side concerns.

5. US COMMON ALLOY ALERT. TIGHTNESS EASING: US common alloy availability improving amid demand still serving past orders.

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6. LME Cash–3M backwardation intensifies further despite a slight easing in the October–November spread.