LME price reaches high end of trading range; European billet premiums drop below $... per mton
1. ALERT! – LME PRICE. LME price approaches December’s high of $... per mton as market discounts better demand prospects ahead.
2. China’s aluminum price faces selling after reaching one-week highs.
3. ALERT! – EUROPEAN BILLET. BELOW $...: Downside pressure pushes spot and February contractual premiums to as low as $... per mton.
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4. LME Cash–3M contango unchanged, still supportive of cash and carry deals at low-cost storage warehouses.