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LME price stuck around key support zone; US and Europe premiums declines on pause


1. LME prices hardly changed amid selling above $... per mton, as expected.

2. China’s aluminum prices unable to regain upward momentum.

3. US BILLET ALERT. PAUSE BEFORE MORE DECLINES? US spot billet upcharge unchanged at... c/lb.

4. EUROPE WIRE ROD ALERT. PEAK? European EC rod premiums unchanged at all-time highs.

5. GREEN ALUMINUM ALERT. NEW GREEN BRAND: Grängesannounces sustainable product brand.

6. US 5052 SCRAP ALERT. WIDER SPREADS: Domestic 5052 scrap discounts are widening despite falling MWTP.

For more details, please subscribe to our specialized US and Mexico Aluminum Scrap Intelligence Report.

7. LME Cash-3M contango narrows further, as tightness intensifies ahead of September.