1. LME Cash price drops to $2,135 per mton, down 4% w/w.
2. ALERT! – US SLAB. NO SPOT APPETITE: US spot slab market appetite null aligned with contracting demand, premiums seen plunging ahead.
3. RERUN: ALERT! – US BILLET. DEEP DEMAND CONTRACTION: US billet offshore imports plummet as extruders see deeper demand contraction.
For more details, please see HARBOR’s “ALERT! – US BILLET” released yesterday.
4. ALERT! – EUROPEAN BILLET. MORE WEAKNESS: European contractual and spot premiums weakness extend.
To see our full European Billet Market Intel and Premiums assessment, subscribe to HARBOR’s specialized “European Billet Intelligence” reports.
5. ALERT! – EUROPE SCRAP. HAND-TO-MOUTH: Poor demand prospects discouraging contractual scrap deals.
For more details, subscribe to HARBOR’s specialized “Europe Scrap Intelligence” reports.
6. ALERT! – US OLD SHEET SCRAP. Old sheet prices perk slightly up as demand from India pressures up US domestic market.
For more details, subscribe to HARBOR’s specialized “US and Mexico Aluminum Scrap Intelligence” report.
7. GREEN ALUMINUM MONITOR. Closing The Loop in Aerospace.
For more details, subscribe to HARBOR’s specialized “Green Aluminum Monitor” reports.
8. LME Cash-3M contango narrows but remains supportive for financing deals.