LME unable to close above $... per mton as another cyclical bearish signal emerges; MW premium down amid mounting bearish pressure

1. LME price fails to regain much ground after biggest selloff in fifteen years. Current support level to watch is $... per mton as another bearish warning signal emerges.

2. US MW PREMIUM ALERT. BUBBLE BURST? Mounting bearish pressure cracks upward trend in the MW spot premium.

3. SPECIAL LME PRICE ANALYSIS. Another bearish signal: last week’s spike in LME trading volumes.

For more details, please see our “Special LME Price Analysis” released earlier today.

4. SHFE aluminum price extends its decline and activates a short-term bearish signal.

5. GREEN ALUMINUM MONITOR: Scrap, Scrap, Scrap.

For more details, please see our “Green Aluminum Monitor” released earlier today.

6. US ROLLING MILL ALERT. SURCHARGES CONTINUE: Freight, magnesium and melt loss surcharges impact both new and signed contracts.

For more details, please subscribe to our specialized Aluminum Rolled Products Intelligence Report.

7. LME nearby contangos the tightest since early September; backwardation at back end of the curve still prohibited for metal financing.

More details in full report.