LME sell-off now testing key support; could open door for $… per mton

1. LME price falls to new six-week lows, challenging key support at $… per mton; if breached, the door would open for $… per mton.

2. SHFE aluminum prices fall toward two-month lows as short term technicals turn bearish; arbitrage remains closed.

3. US PFA ALERT. AUTO CRISIS GROWS: US PFA offshore imports fall due to semiconductor crisis.

4. US SCRAP ALERT. 5052 SCRAP DISCOUNTS TIGHTEN: Consumers pushing to increase scrap intake volume.

5. LME long-term backwardations continue to ease.

More details in full report.