LME prices fall below $… per mton; LME contango widens to decade-highs

1. LME prices are down to a near-three-week low on demand contraction.

2. SHFE aluminum prices fall to one-week lows.

3. RERUN. ALERT! – US BILLET. MAY NEVER BE THE SAME: US offshore billet imports plunged… % y/y in July on structural factors.

For more details, please see HARBOR’s full “ALERT! – US BILLET” released yesterday.

4. LME Cash-3M contango virtually reaches decade-highs amid ample metal availability, supportive of inventory financing deals.