LME price drops further; Bearish pressure on US Billet & PFA premiums

1. LME price continues to pull back amid a failed technical breakout attempt.

2. China’s aluminum price down and below medium-term technical resistance.

3. ALERT! – US BILLET. DOWN: US spot billet premiums decline to as low as…  cent/lb.

4. ALERT! – US PFA. BEARISHNESS: Bearish pressure building up on US spot PFA premiums.

5. LME Cash–3M contango at two-year highs.