LME price unchanged while technicals deteriorate; Norwegian strike forces halt of billet shipments from Sunndal

1. LME price still unable to bounce back toward upper end of trading range.

2. China’s aluminum prices unable to climb above technical resistance.

3. ALERT! – EUROPEAN BILLET. HALTED SHIPMENTS: Hydro to halt aluminum shipments from Sunndal amid strike action.

4. LME Cash–3M backwardation doubles as conditions tighten sharply ahead of September.