ALERT! – MEXICO BILLET.
1. LME price falls amid demand contraction and long profit-taking.
2. ALERT! – MEXICO BILLET. PLUMMETS: Mexico’s Veracruz billet premium gaps down to $….
3. ALERT! – US BILLET. SOMBER 2024 MOOD: Bearish sentiment impacting 2024 contractual negotiations.
4. ALERT! – EUROPE ROLLING MILL. MORE CAN CAPACITY COMING TO EUROPE: Another aluminum can investment announced by CPMC.
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5. ALERT! – US-CHINA SCRAP. A NEW TREND? Small lots of US wrought scrap flow to China.
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6. ALERT! – MEXICO SECONDARY SCRAP. INCHING UP: Old cast finds footing, import arbitrage still open.
For more details, subscribe to HARBOR’s specialized “US and Mexico Aluminum Scrap Intelligence” report.
7. GREEN ALUMINUM MONITOR. Recycling more aluminum cans.
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8. LME Cash-3M contango widens from tightest in four months; tight nearby and far-end spreads are still bearish for premiums.
9. The Shanghai Futures Exchange (SHFE) was closed today due to China’s National Day weeklong holiday. Trading will resume on Monday, October 9.