LME prices range-trade within $… zone; EU reinstates AD duties against Chinese-origin FRPs

 
EUROPE ROLLING MILL ALERT.

1. LME prices fall but continue to find technical support as range-trading continues within the $… per mton zone.

2. EUROPE ROLLING MILL ALERT. SUSPENSION LIFTED: EU confirms AD duties against Chinese FRP will go into effect next week.

3. EUROPEAN BILLET ALERT. SOMETHING GOTTA GIVE: European billet spot premiums unchanged, while energy and demand concerns seem taking the center stage now.

To see our full European Billet Market Intel and Premiums assessment, please subscribe to our specialized European Billet Intelligence Report.

4. EUROPEAN SCRAP ALERT. MORE BEARISH: Secondary market outlook worsens amid natural gas’ supply crisis.

To see our full market intel on the European scrap market, please subscribe to our specialized Europe Scrap Intelligence Report.

5. US ROLLING MILL ALERT. CANSHEET TIGHTNESS WORSENS: Kaiser declares force majeure at Warrick amid magnesium shortage.

For more details, please subscribe to our specialized Aluminum Rolled Products Intelligence Report.

6. US SCRAP ALERT. GETTING WORSE. Scrap demand contraction extending through September.

For more details, please subscribe to our specialized US and Mexico Aluminum Scrap Intelligence Report.

7. MEXICO SCRAP ALERT. SHORT TERM PICK UP: Demand for old sheet units in Mexico see a slight pick up.

For more details, please subscribe to our specialized US and Mexico Aluminum Scrap Intelligence Report.

8. MJP PREMIUM ALERT. NEW LOWS: MJP spot premium down to $… per mton on bearish cocktail.

9. China’s aluminum prices fall and remain near thirteen-month lows.

10. LME Cash-3M contango eases somewhat from tightest in three-months.

 

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