1. LME prices continue to find support after testing multi-month lows earlier this week, short-term range-trading zone continues to be seen at $… per mton.
2. China’s aluminum prices approach interim technical resistance.
3. ALERT! – CHINA ALUMINUM. GAME CHANGER FOR THE WORLD: China’s secondary aluminum capacity to expand by… million mton (unprecedented).
4. ALERT! – US BILLET. CONTRACTUAL UPCHARGE FALLS FURTHER: 2023 US billet contractual upcharge falls to… cent/lb.
5. ALERT! – EUROPEAN BILLET. DEMAND WEAKENING AGAIN: European billet spot premiums unchanged, underlying demand contraction continues.
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6. ALERT! – EUROPEAN SCRAP. MORE WEAKNESS: UBC spot market in decline; D226 prices drop further.
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7. LME Cash–3M contango narrows to a one-month low, remains supportive for cash-and-carry deals.