1. LME prices fall toward seven-month lows reached earlier in June, could soon unleash a new bearish target of $… per mton.
2. China’s aluminum prices find some technical support.
3. ALERT! – LME AND SHFE PRICE. SURPLUS RETURNS TO CHINA: China’s primary aluminum production set to outpace domestic demand as Yunnan restarts gain steam.
4. ALERT! – US PFA. NEW ORIGIN? Oman PFA small ingots now sold in the USA.
5. ALERT! – EUROPE PFA. RECOVERY NOT HELPING PREMIUMS: European PFA demand benefitting from regional auto production recovery, but not spot premiums.
6. RERUN: ALERT! – US TWITCH. US TWITCH POISED FOR JULY SLIDE.
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7. LME Cash-3M contango narrows marginally but remains supportive of short-term financing deals.