ALERT! – US BILLET.
September 12, 2024
1. LME Cash price climbs by 2% and reaches the $2,400 per mton technical resistance zone.
LME Cash aluminum prices climbed today by 2% or $46 per mton, closing at $…
2. China’s aluminum prices rise toward technical resistance zone.
Prices tested a two-week high of… yuan per mton. SHFE front-month aluminum prices rose…
3. ALERT! – US BILLET. BEAR ISHNESS INTENSIFIES: US billet market conditions deteriorate further.
4. LME spreads tighten further (bearish premiums).
The Cash-3M contango narrowed to a one-week low of $18.10 per mton…