LME price falls toward key support zone of $… per mton; Increasing signs of a US buyers’ billet market

1. LME price down… % so far this week and testing key support zone at $… per mton.

2. US BILLET ALERT. EXTRUDERS NOT RUSHING THIS TIME: Increasing signs of a buyers’ billet market behind shift in extruders’ strategy.

3. China’s aluminum prices dip to new fifteen-month lows, approaching bearish target.

4. LME Cash–3M contango remains tight, unsupportive for new cash-and-carry deals (bearish P1020 premiums).