LME price falls to $… per mton amid confirmation of demand contraction; US billet market facing high inventories across the supply chain

1. LME price extends selloff amid further signs of world end-user demand contraction; bearish technical momentum remains on.

2. China’s aluminum price down to new two-month lows.

3. ALERT! – US BILLET. WEAK START OF THE YEAR: US billet spot market absent amid contracting demand and high inventories.

4. LME Cash–3M contango approaches break-even levels again.