1. LME PRICE ALERT. LME price enters HARBOR’s $… per mton target zone.
2. China’s aluminum prices up as key technical support holds.
3. HARBOR FIRST ALERT. US ROD PRODUCTION TO GROW: New Madrid Rod Mill to ramp up production starting January 2022 and reduce import dependency.
4. EUROPEAN P1020 ALERT. AT FOUR-MONTH LOW S: European P1020 premiums down further.
5. EUROPEAN BILLET UPDATE. TOUGH NUT TO CRACK: Spot billet premium rally still kicking.
6. EUROPE SECONDARY ALERT. SUPPLY THREAT EMERGES: Befesa‘s… kmtpy salt slag treatment facility in Hannover suffers fire.
To see our full market intel on the European scrap market, please subscribe to our specialized Europe Scrap Intelligence Report.
7. US ROLLING MILL ALERT. ACROSS THE BOARD, BUT IN DIFFERENT FORMS: Magnesium surcharges in US sheet and plate contracts have become common but application varies.
For more details, please subscribe to our specialized Aluminum Rolled Products Intelligence Report
8. US EXTRUSION ALERT. MORE HARDENER SURCHARGES: One major US extruder to impose hardener surcharges.
9. US UBC ALERT. US UBC discounts narrow to a… month low.
For more details, please subscribe to our specialized US and Mexico Aluminum Scrap Intelligence Report.
10. MEXICO SECONDARY ALERT. CHALLENGING MATING SEASON: Negotiations for 2022 contracts start with big gap between bids and offers.
For more details, please subscribe to our specialized US and Mexico Aluminum Scrap Intelligence Report.
11. GREEN ALUMINUM MONITOR: New “purifying” scrap technology announced.
For details, please see our “Green Aluminum Monitor” released earlier today.
12. The LME Cash–3M contango flattens as a steep December–January backwardation persists (bearish P1020 premiums).
More details in full report.