LME prices post a bearish weekly close and open door to $... per mton; Secondary alloy/scrap demand underperforms

1. LME prices confirm breach of support at $... per mton and open door to $... per mton.

2. China’s aluminum prices pull back to a one-week low as demand concerns persist.

3. EUROPEAN BILLET ALERT. CALM BEFORE THE STORM? Q3 billet contract negotiations set to begin next week.

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4. EUROPEAN SCRAP ALERT. WORSENING: Secondary alloy demand falls further.

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5. US SECONDARY ALUMINUM UPDATE. Secondary scrap prices down as market remains long.

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6. US A356 SCRAP WHEELS ALERT. NARROWING: Competition for A356 scrap wheels increases.

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7. LME Cash–3M contango ends the week at the tightest in one month (bearish for spot P1020 premiums).