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LME range-trading continues; US spot billet premium up again; Europe’s secondary market down

US BILLET ALERT.

1. LME prices fall but remain inside $... per mton range.

2. US BILLET ALERT. BUFFER STOCKS DOWN CLOSE TO BONE: US spot billet premiums up to... cent/lb.

3. EUROPE WIRE ROD UPDATE. STRONG Q1 DEMAND: EC wire rod consumers are sold out.

4. US ROLLING MILL ALERT. MORE US CAN CAPACITY ANNOUNCED: Crown to build new can plant in Virginia. For more details, please subscribe to our specialized Aluminum Rolled Products Intelligence Report.

5. ASIA ROLLING MILL ALERT. MILL AND CAN BUSINESS ACQUISITION: Showa Denko to sell rolling and can divisions. For more details, please subscribe to our specialized Aluminum Rolled Products Intelligence Report.

6. EUROPEAN SCRAP MARKET. FALLING PRICES: Europe’s secondary market loses steam. To see our full market intel on the European scrap market, please subscribe to our specialized Europe Scrap Intelligence Report.

7. US UBC ALERT. Some consumers well supplied until March, some brokers still filling up January needs. For more details, please subscribe to our specialized US and Mexico Aluminum Scrap Intelligence Report.

8. MEXICO UBC UPDATE. Consumers finding enough units and roughly stable prices. For more details, please subscribe to our specialized US and Mexico Aluminum Scrap Intelligence Report.

9. LME Cash–March backwardation intensifies again as the nearby squeeze continues.

10. China’s aluminum prices still in technical pause, above medium-term support.

More details in full report.