LME range trading and low volume continues; European billet premiums consolidating around $...per mton
1. LME prices bounce back on easing concerns about monetary stimulus tapering.
2. SHFE aluminum prices up to a one-week high amid supportive economic data.
3. EUROPEAN BILLET UPDATE. PEAKING? European spot billet consolidating around $... per mton; Q4 seems peaking at $... per mton. To see our full European Billet Market Intel and Premiums assessment, please subscribe to our specialized European Billet Intelligence Report.
4. US ROLLING MILL ALERT. RALLY CONTINUES: US common alloy 3xxx and 5xxx conversion prices gap up to... cent/lb. For more details, please subscribe to our specialized Aluminum Rolled Products Intelligence Report.
5. LME long-term backwardation intensifies amid likely producer selling (bearish LME prices).
More details in full report.