LME range trading and low volume continues; European billet premiums consolidating around $...per mton

June 10, 2021

EUROPEAN BILLET UPDATE.

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.

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