LME price up as range-trading continues; US MW premium plunge continues

1. LME prices regain some ground while economic data continues to disappoint.

2. US MW PREMIUM ALERT. CORRECTION CONTINUES: MW premium plunge continues and reaches as low as 24.60 cent/lb.

3. ALERT! – EUROPEAN SLAB. PAUSED DELIVERIES: Alcoa’s Mosjøen also temporarily halting shipments amid strike action in Norway.

4. RERUN: ALERT! – EUROPEAN BILLET. HALTED SHIPMENTS: Hydro to halt aluminum shipments from Sunndal amid strike action.

For more details, please see HARBOR’s full “ALERT! – EUROPEAN BILLET” released yesterday.

5. China’s aluminum prices again approaching technical resistance.

6. LME Cash–3M backwardation at steepest in five months, tightness intensifies ahead of November.