October 25, 2022
ALERT! – EUROPE SLAB.
1. LME price climbs… %, as it continues to hover around $… per mton level.
2. ALERT! – EUROPE SLAB. SOME SLAB PREMIUMS GAP DOWN: European 1XXX/8XXX slab premiums plummets as demand weakens.
3. RERUN: ALERT! – SANCTIONS ALUMINUM. OPPOSING SANCTIONS: Five European industry groups voice opposition to aluminum sanctions or restrictions.
For more details, please see HARBOR’s ALERT! – SANCTIONS ALUMINUM released on October 25.
4. China’s aluminum price is up but lacking conviction to reach expected resistance.
5. LME Cash–3M contango narrows sharply as tightness intensifies ahead of 2023 (bearish premiums).