1. LME prices fall further below $2,500 per mton; door for $2,350 per mton is technically open now.
LME 3M prices fell today by 0.1% or $… per mton, closing at $…
2. China’s aluminum prices plunge to fresh three-month low, alumina tumbles further.
SHFE front-month aluminum prices fell today by 1.1%, closing at…
3. ALERT! – USA SLAB. FURTHER WEAKNESS AHEAD? US offshore slab imports decline to lowest level in 4 years.
4. ALERT! – EUROPEAN BILLET. HOLIDAY MODE: Spot premium pause at and above $… /ton amid holidays.
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5. LME Cash-3M contango widens further, above breakeven levels for financing deals.
The Cash-3M contango widened to a two-week high of $…