LME price plunges 3% as inventory buildups accelerate

1. LME prices fall by the most in seven weeks amid technical selling and grim demand outlook.

2. ALERT! – US MW PREMIUM ALERT – From HARBOR’s Aluminum Pricing Unit. BELOW… cent/lb: MW premium gaps down again, embedded duty down to only… %.

3. ALERT! – ALUMINUM INVENTORIES.  LME aluminum inventory buildups continue as a mix of predominantly Indian- and Middle Eastern-origin metal…

4. China’s aluminum price retreats toward interim support level.

5. LME Cash–3M spread widens to a small contango amid today’s spike in inventory inflows.