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LME price remains supported at $1,580 per mton; LME nearby contango rebounds from three-month low

EUROPEAN BILLET UPDATE.

Executive Summary

1. LME prices fell with weak volumes on Friday but posted w/w gains.

2. LME Cash–3M contango widens amid easing conditions after July.

3. EUROPEAN BILLET UPDATE. Billet spot demand strengthening further, as extruder's capacity utilization rises slightly faster than expected. To see our full European Billet Market Intel and Premiums assessment please subscribe to our specialized European Billet Intelligence Report.

4. China's aluminum prices lose some momentum but remain near four-month highs.

More details in full report.