LME price rally toward $... per mton continues; Record US billet premiums attracting units from offshore

1. LME prices leap to $... per mton, journey toward $... per mton zone continues.

2. SHFE aluminum prices extend rally and nearly reach the... yuan per mton mark.

3. US BILLET ALERT. MORE SUPPLY, LABOR ISSUES: Record US billet premiums attracting more offshore billet while extruders suffer from manpower shortage.

4. US EC WIRE ALUMINUM SCRAP ALERT. BOOMING DEMAND FOR PRIMARY SCRAP: Consumers looking for prompt loads of EC scrap. For more details, please subscribe to our specialized US and Mexico Aluminum Scrap Intelligence Report.

5. EUROPEAN ROLLING MILL ALERT. UPTREND SEES A PAUSE: European P1020 premiums hold ground at six-year highs. For more details, please subscribe to our specialized Aluminum Rolled Products Intelligence Report.

6. EUROPEAN SCRAP MARKET. D226 PRICES IN FREE FALL: European secondary prices down amid auto production halts. To see our full market intel on the European scrap market, please subscribe to our specialized Europe Scrap Intelligence Report.

7. BRAZIL ALUMINUM ALERT. SIX-YEAR HIGH: Brazil’s spot CIF P1020 premium pulled higher by the rest of the world; spot billet premium upside seen ahead.

8. LME Cash–May backwardation eases sharply, but tightness at the far end of the curve persists.

More details in full report.