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LME price fails again to pierce resistance at $... per mton; US Billet spot premiums break record highs


1. LME prices rally... % on the latest upbeat manufacturing and economic data but fails again to pierce key technical resistance at $... per mton.

2. US BILLET ALERT. BREAKING RECORDS: Billet spot at... cent/lb; offers as high as... cent/lb.

3. US WIRE ROD ALERT. EVEN HIGHER: Spot EC rod premiums rally to... cent/lb.

4. BRAZIL ALUMINUM ALERT. PULLED HIGHER: Brazil’s spot P1020 premiums rise, even though weakening demand conditions persist.

5. EUROPEAN ROLLING MILL ALERT. FIRE TIGHTENS EUROPEAN ALUMINUM COIL MARKET: Spanish mill loses some cold mill capacity. For more details, please subscribe to our specialized Aluminum Rolled Products Intelligence Report.

6. GREEN ALUMINUM MONITOR: Closed-loop and recycling efforts announced amid Green Revolution.

7. LME Cash–3M contango narrows to a four-week low amid tighter conditions ahead of May (still supportive of cash-and-carry deals).

8. SHFE aluminum prices at two-week highs amid demand optimism.

More details in full report.