ALERT! – EUROPEAN BILLET.
1. ALERT! – LME PRICE. LME price approaches December’s high of $… per mton as market discounts better demand prospects ahead.
2. China’s aluminum price faces selling after reaching one-week highs.
3. ALERT! – EUROPEAN BILLET. BELOW $…: Downside pressure pushes spot and February contractual premiums to as low as $… per mton.
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4. LME Cash–3M contango unchanged, still supportive of cash and carry deals at low-cost storage warehouses.
