1. LME prices fell marginally after experiencing their biggest weekly rally in six months. Strong technical resistance is seen at the $2,300 per mton zone as a medium-term downward correction continues to target the $2,000-$1,800 per mton zone.
2. SHFE aluminum prices fall after testing three-week highs, pulling back toward the low-end of their trading range.
3. ALERT! – US PFA. SINGLE DIGIT OFFERS: Demand weakness and subdued spot market appetite pressuring spot premiums.
4. RERUN: ALERT! – EUROPEAN BILLET. SHARP DEMAND DETERIORATION: Billet demand and premiums deteriorate further, extrusion conversion prices down again.
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5. ALERT! – EUROPE MILL GRADE SCRAP. IT’S ABOUT DEMAND WEAKNESS: Prices for mill-grade scrap items continue to fall despite lower availability.
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6. ALERT! – EUROPE SCRAP AND SECONDARY. UNCERTAINTY LINGERS: Downward pressure on secondary alloy ingot prices increases as Q3 prospects worsen.
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7. ALERT! – EUROPE ROLLING MILL. CHINESE ACQUISITION IS OFFICIAL: Italian rolled products producer Slim Aluminium sold to China’s Dingsheng.
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8. ALERT! – US HIGH-GRADE TURNINGS. TURNINGS PLUNGE: HG turnings prices fall amid cheap and widely available alternatives.
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9. LME Cash-3M contango widens again amid ample metal availability.