LME Cash price plummets; MW P1020 spot premium falls further

1. LME PRICE ALERT. LME Cash price plunged to as low as $… per mton; a bearish weekly close could confirm open door for a further sharp retracement toward $… per mton.

2. SHFE aluminum prices down to a three-week low.

3. US MW PREMIUM ALERT. DOWN AGAIN: MW P1020 spot premium drops to… cent/lb.

4. HARBOR FIRST ALERT! – AL+ will be the name of the world’s greenest major primary aluminum producer.

5. LME Cash–3M contango widens further to new two-month highs; backwardations at the far end of the curve ease with lower prices.

More details in full report.