LME price well supported, strong bullish momentum in primary, secondary and flat rolled products markets
1. LME price range-trades with solid technical support, $... per mton remains as next target.
2. US MW PREMIUM SPECIAL ANALYSIS. COMPLIANCE RESUMES: Canadian P1020 exports to US drop below hard quota level; Quota renewal uncertain.
3. US BILLET ALERT. WHY DO BILLET SPOT PREMIUMS KEEP RISING? US spot billet premiums at 20-month highs; more upside seen ahead.
4. US ROLLING MILL ALERT. US CANSHEET DISRUPTION IMMINENT: Strike at Muscle Shoals may have reduced production run rates by... % or more. For more details, please subscribe to our specialized Aluminum Rolled Products Intelligence Report.
5. US CANSHEET ALERT. ANOTHER NEW US CAN END LINE: Ball Corporation to build new line in Kentucky. For more details, please subscribe to our specialized Aluminum Rolled Products Intelligence Report.
6. US SECONDARY ALERT. MORE BULLISH PRESSURE ON SECONDARY MARKET: Tight scrap, strong demand, depleted NASAAC, freight. For more details, please subscribe to our specialized US and Mexico Aluminum Scrap Intelligence Report
7. LME Cash–3M contango widest in two weeks as January–March tightness continues to gradually ease.
8. China’s aluminum price rebounds after testing technical support.
More details in full report.