LME prices fall to two-week lows; MW premium financials jump and reach HARBOR’s forecast; US Billet market set to tight further

1. As anticipated by HARBOR, LME prices have fallen to as low as $… per mton.

2. CME MW duty-paid premium financials spike to fresh one-year highs of… cent/lb as predicted by HARBOR since last September. Further upside expected.

3. US BILLET ALERT. MARKET TO TIGHTEN MORE: Curtailed production fully back, bullish premium outlook.

4. LME Cash–3M contango widens towards break-even.

5. China’s aluminum prices down and testing levels just below… yuan per mton.

More details in full report.