LME price falls after failure to trade above $…; European billet spot premium uptrend sees a pause

1. LME prices failed again to sustain levels above $… per mton.

2. SHFE aluminum prices fell after testing a three-month high.

3. EUROPEAN BILLET UPDATE. STRONGER AND GREENER: Spot premiums range unchanged at all-time highs between $… per mton; European green billet production growth strengthens.

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4. LME nearby spreads settle again in backwardation; tightness ahead of September intensifies.

More details in full report.