LME price down and still stuck in trading range; APEX Act returns; 2022 US billet contract upcharges as high as…

1. LME prices gave back yesterday’s gains amid technical resistance and a sell-off in copper prices.

2. SHFE aluminum prices fall after testing a three-week high.

3. US MW APEX ACT UPDATE. APEX RETURNS: Twelve bipartisan cosponsors support investigation of MW premium.

4. US BILLET ALERT. YEAR TO REMEMBER: More 2022 billet contracts signed with upcharges between… cent/lb.

5. LME Cash–3M spread loosens sharply to a contango as July backwardation eases

More details in full report.