LME price falls to $... per mton; European spot premiums fall across the board
June 30, 2022
EUROPEAN P1020 ALERT.
1. LME prices hit a new one-year intraday low of $... per mton. Biggest quarterly drop in 13 years.
2. EUROPEAN P1020 ALERT. PLUNGE ACCELERATES: European P1020 premiums gap down to three-month lows.
3. EUROPEAN BILLET ALERT. DESCENDING LANE: European billet spot premiums decline continues.
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4. China’s aluminum prices close June at seven-month-lows.
5. LME Cash–3M contango tightens; far out contangos at fifteen-month highs.