LME price falls the most in two weeks; MW premium fwd curve shows a bearish backwardation
1. LME prices extend decline as short-term correction seems to be targeting the $... per mton zone.
2. SHFE aluminum prices down and nearing again the... yuan per mton mark.
3. US BILLET ALERT. EARLY BIRDS: First 2022 billet signed at... cent/lb.
4. CME MW premium backwardation remains steep.
5. LME Cash–3M contango practically unchanged while long-term backwardation eases.
More details in full report.