1. LME price remains trading within our identified short-term trading range of $… per mton.
2. China’s aluminum prices test new six-week intraday lows amid subdued demand.
3. RERUN: ALERT! – EUROPE PFA. BREWING DEMAND CHALLENGE: PFA demand in Europe strengthening, but long-term demand headwinds emerging.
4. RERUN: ALERT! – US A380. A380 DISCOUNTS WIDEN: Growing competition is forcing secondaries to widen their A380 discounts below journalistic references.
For more details, subscribe to HARBOR’s specialized “US and Mexico Aluminum Scrap Intelligence” report.
5. RERUN: ALERT! – MEXICO ALUMINUM SCRAP. GETTING MORE CHALLENGING: Lower scrap prices, weaker demand and cash flow issues.
For more details, subscribe to HARBOR’s specialized “US and Mexico Aluminum Scrap Intelligence” report.
6. RERUN: ALERT! – EUROPE ROLLING MILL. PRICES DECLINING: Foil closure prices fall amid ample supply, weakening demand.
For more details, please subscribe to HARBOR’s specialized “Aluminum Rolled Products Intelligence” Report.
7. LME May-June backwardation eases slightly; Cash–3M contango still too tight for cash and carry deals (bearish P1020 spot premiums).