LME price falls amid demand concerns and lower oil prices; Novelis planning… mtpy of rolling mill expansions around the world including… mtpy in the US

 
ALERT! – WORLD ROLLING MILL.

1. LME prices fall amid demand concerns and oil price fall.

2. China’s aluminum prices continue to face selling pressure.

3. ALERT! – WORLD ROLLING MILL. NUMEROUS MILL EXPANSIONS COMING: Hindalco plans for Novelis to expand its rolling mill capacity around the world by… mtpy, including… mtpy in the US.

4. EUROPEAN P1020 ALERT. LOGISTICS STRESS BITES FURTHER: European P1020 premiums rise to new record highs.

5. EUROPEAN BILLET ALERT. UNCHANGED BUT TENSE: Spot billet premiums remain unchanged; market tension persists.

To see our full European Billet Market Intel and Premiums assessment, please subscribe to our specialized European Billet Intelligence Report.

6. GREEN ALUMINUM MONITOR: Smelters expand super green aluminum supply.

For more details, please see HARBOR’s “Green Aluminum Monitor” released earlier today.

7. LME Cash–3M contango narrows to one-week low, as LME inventory availability tightens.

 

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