1. LME prices rise as short-term technical support holds, still trading just below $… per mton.
2. SHFE aluminum prices stabilize near one-week lows.
3. EUROPEAN BILLET UPDATE. RALLY CONTINUES: Spot premiums jump to $… per mton, some early Q1 2022 contracts have been signed at $… per mton.
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4. EUROPEAN P1020 ALERT. FRESH HIGHS: Rotterdam premiums continue to rise, still not reflecting the full logistical impact of Russia’s export tax.
5. US 1070 ALUMINUM SCRAP ALERT. STRONG DEMAND: Consumers looking for prompt units of 1070 aluminum scrap tax.
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6. LME Cash–3M spread tightens but remains in contango; backwardations remain in place from October onward.
More details in full report.