European P1020 spot premiums down to six-month lows; LME narrow range trading still on

1. LME price still inside a narrow range trading zone.

2. SHFE aluminum prices continue to face short-term technical resistance.

3. ALERT! – EUROPEAN P1020. AS LOW AS $… : Rotterdam P1020 premiums drop to new lows.

4. ALERT! – LME INVENTORIES. RUSSIAN METAL WIDELY ACCEPTED: LME indicates the world market is widely accepting Russian metal.

5. ALERT! – US 5052/3003 SCRAP. ALL ITEMS HIT, SOME MORE THAN OTHERS: US 5052 scrap outperforming US 3003.

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6. LME Cash-3M contango narrows slightly but remains close to the widest in fifteen years amid ample and growing metal availability.