1. LME price dips to fresh two-week lows below $… per mton amid inventory buildups and deteriorating demand sentiment.
2. ALERT! – ALUMINUM INVENTORIES. MORE INVENTORY BUILDUPS: LME aluminum inventory buildups keep accumulating.
3. RERUN: ALERT! – US MW PREMIUM- From HARBOR’s Aluminum Pricing Unit. BELOW… cent/lb: MW premium gaps down again, embedded duty down to only… %.
For more details, please see HARBOR’s “ALERT! – US MW PREMIUM” released on Monday, October 17.
4. RERUN: ALERT! – US UBC. NO DEMAND IN SIGHT: Lack of appetite for UBC units holding discounts unchanged.
For more details, please subscribe to HARBOR’s specialized US and Mexico Aluminum Scrap Intelligence Report.
5. China’s aluminum price fell to a one-week low.
6. LME Cash–3M contango widens sharply as nearby backwardation eases and inventory buildups persist.