LME price falls to $… per mton; European spot premiums fall across the board

1. LME prices hit a new one-year intraday low of $… per mton. Biggest quarterly drop in 13 years.

2. EUROPEAN P1020 ALERT. PLUNGE ACCELERATES: European P1020 premiums gap down to three-month lows.

3. EUROPEAN BILLET ALERT. DESCENDING LANE: European billet spot premiums decline continues.

To see our full European Billet Market Intel and Premiums assessment, please subscribe to our specialized European Billet Intelligence Report.

4. China’s aluminum prices close June at seven-month-lows.

5. LME Cash–3M contango tightens; far out contangos at fifteen-month highs.