LME price reaches high end of trading range; European billet premiums drop below $… per mton

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.

To see our full European Billet Market Intel and Premiums assessment, please subscribe to HARBOR’s specialized European Billet Intelligence Report.

4. LME Cash–3M contango unchanged, still supportive of cash and carry deals at low-cost storage warehouses.