1. LME price remains in short- and medium-term bearish mode, down… % w/w and down… % since January’s peak.
2. LME Cash–3M contango widens to a virtual seven-year high amid growing primary aluminum oversupply conditions.
3. ALERT! – US BILLET. BATTLE FOR SPOT DEMAND COMING. US billet demand at multi-year lows.
4. ALERT! – US CANSHEET DEMAND IN CONTRACTION. LARGEST SEGMENT IN CONTRACTION. Demand for cansheet down… % in North America.
For more details, please subscribe to HARBOR’s specialized Aluminum Rolled Products Intelligence Report.
5. ALERT! – EUROPEAN SCRAP. UNEVEN. Demand and prices for spot UBC units are
falling amid contracting demand.
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6. China’s aluminum prices face short-term upward resistance.