LME price falls another 2% amid more inventory buildups

1. LME prices fall to fresh three-week lows.

2. China’s aluminum price drops to new two-week lows.

3. RERUN: ALERT! – EUROPEAN BILLET. STILL ON HOLIDAYS: Billet premiums unchanged despite P1020 premium rise.

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4. ALERT! – EUROPE SCRAP TRADE. EUROPE RECORD SCRAP EXPORTER: Europe's net aluminum scrap exports jumped... % in 2023.

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5. ALERT! – US ZORBA. PULLED UP: Export zorba price jumps on ADC12 and thin supply.

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6. LME Cash-3M contango continues widening amid further inventory inflows into LME Asia warehouses.