MW premium plummets the most on record; LME prices down $… per mton in less than three weeks

1. LME prices fall 5.9% w/w and are stuck inside HARBOR’s price target zone of $… per mton

2. China’s aluminum prices close at a four-month low, testing important technical support.

3. US MW PREMIUM ALERT. BUBBLE BURST: MW premiums plummets the most on record amid bearish storm.

4. EUROPEAN BILLET UPDATE. WEAKNESS EMERGES: Spot billet demand softens as bearish factors accumulate.

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5. LME Cash–3M contango the widest since late June; long-term backwardations continue easing.

More details in full report.