LME prices re-enter the $... per mton zone; European billet spot premiums stable
December 17, 2021
EUROPEAN BILLET ALERT.
1. LME prices revisit the $... per mton zone as part of the forming technical top formation.
2. China’s aluminum prices up to a six-week high, attempting to breach recent resistance threshold.
3. EUROPEAN BILLET ALERT. LOGISTIC’S JAM: Spot premiums stable, but delivery issues persist.
4. LME Cash‑3M contango widens to fresh five-week highs; canceled warrants up in Asia again.
More details in full report.