1. LME price sell-off extends for fourth-consecutive session; failure to bounce back by next week could open the door for a $… per mton downside target before the end of this month.
2. US MW PREMIUM ALERT. SIGNS OF EXHAUSTION: MW P1020 spot premium falls to… cent/lb.
3. EUROPEAN BILLET UPDATE. TENSE CALM: European spot billet stable at $… per mton. To see our full European Billet Market Intel and Premiums assessment, please subscribe to our specialized European Billet Intelligence Report
4. SHFE aluminum prices down to a one-week low on profit-taking.
5. CHINA SCRAP ALERT. YET ANOTHER RECYCLING EXPANSION: As anticipated, China’s recycling momentum continues.
6. WORLD ROLLING MILL ALERT. GETTING BIGGER AND GREENER: Novelis posts record shipments, earnings, scrap usage. For more details, please subscribe to our specialized Aluminum Rolled Products Intelligence Report.
7. US 6063 SCRAP ALERT. IS NOT RECEDING: US consumers hunting 6063 scrap units. For more details, please subscribe to our specialized US and Mexico Aluminum Scrap Intelligence Report.
8. LME Cash–3M contango narrows amid steep nearby backwardation; tightness at the far end of the curve intensifies.
More details in full report.