U.S. Gulf: Sources said a Miami, Ariz., smelter has resumed operation after being offline since early November due to fire. The shutdown of the smelter, owned by U.S. miner Freeport-McMoRan, was believed to be responsible for “substantial” tightness in the Gulf market as the company required significant replacement tons during the outage.
Prices in the Gulf market were called $70-$80/mt CFR.