1. LME price drops amid demand contraction concerns and bearish seasonals and technicals.
2. LME Cash-3M contango widens amid growing surplus.
3. ALERT! – US UBC. KNEE-JERK: UBC prices pushed up by a couple of mills playing catch-up.
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4. ALERT! – EUROPEAN SCRAP. EMERGING APPETITE: Mills in Europe showing more interest inQ2-delivery UBCs.
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5. ALERT! – MEXICO UBC. FURTHER UP: Mexico’s UBC prices reach 71 cent/lb on tight supply.
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6. ALERT! – US A380.1. BARGAINS DRYING UP: A380.1 alloy up as smelters turn away spot business.
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7. China’s aluminum price up and nearing two-week highs.