Special Note: HARBOR’s Daily Aluminum Commentary will not be published on Monday, September 5, due to the US Labor Day holiday.
1. LME prices close the week below $… per mton. Door is open for $2,000 per mton.
2. EUROPEAN P1020 ALERT. DECLINE RESUMES: European P1020 premium down to six-month lows.
3. EUROPEAN BILLET ALERT. MELTDOWN: European billet spot and contractual premiums plummet to as low as $… per mton, quotes at $… per mton.
To see our full European Billet Market Intel and Premiums assessment, please subscribe to our specialized European Billet Intelligence Report.
4. EUROPEAN SCRAP ALERT. ACTIVITY RESUMES: D226 prices slightly up amid mounting uncertainty.
To see our full market intel on the European scrap market, please subscribe to our specialized Europe Scrap Intelligence Report.
5. US SECONDARY SCRAP ALERT. DOING A BIT BETTER: Demand for secondary scrap is up as expected.
For more details, please subscribe to our specialized US and Mexico Aluminum Scrap Intelligence Report.
6. MEXICO SCRAP ALERT. MEXICO’S UPPER HAND: Mexican buyers paying above the US market for A356 scrap wheels
For more details, please subscribe to our specialized US and Mexico Aluminum Scrap Intelligence Report.
7. GREEN ALUMINUM MONITOR: Mega-recycling projects.
For more details, please subscribe to our specialized Green Aluminum Monitor Report.
8. ALERT! – WORLD ROLLING MILL. MEGA-FOIL MERGER: UACJ creating strengthened unit to harness battery foil demand boom.
For more details, please subscribe to our specialized Aluminum Rolled Products Intelligence Report.
9. China’s aluminum prices rebound from two-week low but remain in a downward trend.
10. LME Cash–3M backwardation flattens to two-week lows (still bearish for P1020 premiums).