LME prices fall to two-week lows; MW premium financials jump and reach HARBOR’s forecast; US Billet market set to tight further
March 1, 2021
US BILLET ALERT.
1. As anticipated by HARBOR, LME prices have fallen to as low as $... per mton.
2. CME MW duty-paid premium financials spike to fresh one-year highs of... cent/lb as predicted by HARBOR since last September. Further upside expected.
3. US BILLET ALERT. MARKET TO TIGHTEN MORE: Curtailed production fully back, bullish premium outlook.
4. LME Cash–3M contango widens towards break-even.
5. China’s aluminum prices down and testing levels just below... yuan per mton.
More details in full report.