1. LME Cash price falls to $… per mton, approaching HARBOR’s $… per mton target zone.
2. ALERT! – LME INVENTORIES. IN SURPLUS: Indian aluminum remains predominant origin in LME warehouses as buildups continue.
3. ALERT! – CANADA IMPORTS. BAN THAT HAS NO EFFECT: Canada bans aluminum imports from Russia.
4. ALERT! – US MW PREMIUM. BEARISH: MW premium bearishness intensifies, demand contracting.
For more details, please see HARBOR’s “Alert! – US MW Premium” released yesterday.
5. ALERT! – US PFA. MEXICO’S AUTO SECTOR: Mexico’s auto and PFA demand grows further amid booming exports.
6. ALERT! – EUROPEAN BILLET. MIXED TRENDS: European spot premiums showing diverging trends.
To see our full European Billet Market Intel and Premiums assessment, subscribe to HARBOR’s specialized “European Billet Intelligence” reports.
7. ALERT! – EUROPEAN SCRAP. THREE-MONTH LOWS: Weak demand conditions are pushing secondary smelters to reduce run rates.
For more details, subscribe to HARBOR’s specialized “Europe Scrap Intelligence” reports.
8. China’s aluminum prices fall to two-month lows, retreating to the low end of their range-trading zone.
9. LME Cash–3M contango widens again towards 15-year highs close to $… per mton amid ample metal availability.