1. LME price up but closes the week with losses.
2. China’s aluminum price up and approaching technical resistance levels.
3. ALERT! – EUROPEAN P1020. 16-MONTH LOWS: European P1020 premium correction continues.
4. ALERT! – EUROPEAN BILLET. IN THE $600s: Q1 2023 premiums decline to as low as $… per mton.
To see our full European Billet Market Intel and Premiums assessment, please subscribe to HARBOR’s specialized European Billet Intelligence Report.
5. ALERT! – EUROPEAN SCRAP. LAYOFFS ANNOUNCED: A plunge in demand and low availability of raw materials are hitting the automotive industry hard.
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6. ALERT! – US SCRAP. WIDER DISCOUNTS: Consumers widening their scrap A.356 wheels discounts for the first time in 6 weeks.
For more details, please subscribe to HARBOR’s specialized US and Mexico Aluminum Scrap Intelligence Report.
7. LME Cash–3M contango narrows slightly, remains unattractive for cash-and-carry deals.