LME price falls back to three-week lows; Mexico’s billet premium falls to near-record-lows of $... per mton
January 10, 2024
ALERT & UPDATE! – MEXICO BILLET PREMIUMS.
1. LME price down again as short-term technical support levels continue to be tested.
2. China’s aluminum price stuck near two-week lows.
3. ALERT & UPDATE! – MEXICO BILLET PREMIUMS. NEAR RECORD LOWS: Mexico’s Veracruz billet premium falls to as low as $...
4. ALERT! – BRAZIL ALUMINUM. NO SIGNS OF IMPROVEMENT: Brazil's bearish market extends into Q1 2024.
5. ALERT! – ALUMINA. SURPLUS WILL WIDEN DESPITE CURTAILMENT: Alcoa to fully idle Kwinana alumina refinery in Australia.
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6. LME Cash-3M contango still wide, remains supportive of cash-and-carry deals.