1. LME price rallies to a two-week high and climbs 5.7% w/w; range-trading between $… per mton and $… per mton expected to continue in the next few weeks.
2. EUROPEAN P1020 ALERT. DOWNTREND RESUMES: European P1020 premiums drop again amid multiple bearish factors.
3. EUROPEAN BILLET ALERT. DOWNTURN CONTINUES: European spot and contractual billet premiums’ decline resumes.
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4. EUROPEAN SCRAP ALERT. CLOSED FOR NOW: Scrap and ingot markets paralyzed amid deteriorating demand conditions and summer break.
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5. China’s aluminum prices sustain technical rebound from fifteen-month lows.
6. LME Cash–3M backwardation steepens again amid severe tightness between October and November.