LME price falls after failure to trade above $...; European billet spot premium uptrend sees a pause
August 12, 2021
EUROPEAN BILLET UPDATE.
1. LME prices failed again to sustain levels above $... per mton.
2. SHFE aluminum prices fell after testing a three-month high.
3. EUROPEAN BILLET UPDATE. STRONGER AND GREENER: Spot premiums range unchanged at all-time highs between $... per mton; European green billet production growth strengthens.
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4. LME nearby spreads settle again in backwardation; tightness ahead of September intensifies.
More details in full report.