LME price stuck below $... per mton; US billet mating season could start earlier than usual
April 6, 2022
US BILLET ALERT.
1. LME prices continue to trade within the $... per mton range amid a Chinese demand slowdown, lower oil prices, and ongoing carve-outs from the latest sanctions on Russian exports.
2. China’s aluminum prices fall to a near three-week low.
3. US BILLET ALERT. EARLIER THAN USUAL: Strong demand and tight supply may bring forward 2023 mating season.
4. LME Cash–3M contango turns supportive for world P1020 premiums as conditions loosen ahead of May.