LME price holds at 19-month high; US P1020 spot market tightens amid plunging US imports of Canadian units
1. LME prices sustained gains above $... per mton despite most volatile session in seven months.
2. US MW PREMIUM ALERT. Bullish MW Premium: Plunge in Canadian P1020 Exports Tightens US Market.
3. US BILLET ALERT. Billet demand is strengthening, while supply tightens due to limited domestic and offshore availability.
4. LME Cash–3M contango returns as conditions ease slightly through January (still bearish for premiums around the globe).
5. China’s aluminum prices consolidating gains after reaching a three-month high.
More details in full report.