US spot billet upcharge at fresh record high; LME prices targeting $... per mton
January 5, 2022
US BILLET ALERT.
1. LME prices up by 3% and targeting $... per mton resistance zone target.
2. US BILLET ALERT. UP AGAIN: US spot billet upcharge up to as high as... cent/lb.
3. US SCRAP UPDATE. The battle for scrap, tighter discounts seen in 2022.
For more details, please subscribe to our specialized US and Mexico Aluminum Scrap Intelligence Report.
4. China’s aluminum prices outperform and reach new two-month highs.
5. LME Cash–3M contango still unsupportive for P1020 premiums; warrant cancelations continue in Asia.
More details in full report.