LME range trading on but underlying bearishness strengthening; MW premium gaps down to lowest in 8 months

1. LME prices up on supply cuts in Europe but mounting bearishness may break range trading mode in the following weeks.

2. US MW PREMIUM ALERT-HARBOR’s Aluminum Pricing Unit. ON-GOING CORRECTION: MW premium gaps down to lowest in 8 months.

3. ALERT! – EUROPEAN BILLET. CONFIRMED CLOSURE: Slovalco’s primary aluminum production to shut down, surplus would persist nevertheless.

4. EUROPEAN SLAB & BILLET ALERT. STRIKE HITS NORWAY: Sunndal and Mosjøen smelters could be impacted.

5. China’s aluminum prices extend rebound from three-week lows.

6. LME Cash–3M contango narrows, backwardation persists after October.