ALERT! – USA-MEXICO TRADE.
1. LME price climbs… % amid end-of-month buying but averages lower in the month.
2. SHFE aluminum prices up and testing short-term technical resistance zone.
3. ALERT! – USA-MEXICO TRADE. IMPORT MONITOR SYSTEM: Mexico’s Aluminum Association Requests Monitor System for Aluminum Imports.
4. RERUN: ALERT! – EUROPE ALUMINUM. AGAINST BAN OR SANCTIONS: European consumers oppose any LME ban or sanctions on Russian metal.
For more details, please see “ALERT! – EUROPE ALUMINUM” released on Friday.
5. ALERT! – US ROLLING MILLS. CAN DEMAND PLUNGE: US cansheet demand plunge equates to the entire production of one US rolling mill.
For more details, please subscribe to HARBOR’s specialized “Aluminum Rolled Products Intelligence” Report.
6. RERUN: ALERT & ANALYSIS! – CHINA ALUMINUM. MASSIVE CHINESE SMELTING RESTARTS: 3 million mtpy of smelting capacity restarted in China.
For more details, please see “ALERT & ANALYSIS! – CHINA ALUMINUM” released on Friday.
7. LME Cash-3M contango narrows to $… pe rmton.