LME prices down; US extrusion press utilization at lowest level in two years

1. LME price remains stuck below $… per mton, falling along with oil and copper prices amid ongoing demand concerns.

2. China’s aluminum prices stuck at the upper end of their six-month trading range.

3. ALERT! – US BILLET. PRESS UTILIZATION RATES FALL: US extrusion press utilization fall to.. % while offshore billet offers spike on open US import arbitrage.

4. LME Cash–3M contango still slightly below break-even levels for inventory financing