ALERT! – US EXTRUSIONS.
LME prices back below $…; US EC rod premiums down; US initiates investigation on extrusion imports
1. LME prices fail to sustain levels above $… per mton zone.
2. China’s aluminum price retreats to its six-week low zone.
3. ALERT! – US WIRE ROD. 2024 PREMIUMS DOWN: US EC wire rod premiums falling from all-time highs.
4. ALERT! – US EXTRUSIONS. INVESTIGATION LAUNCHED: US Department of Commerce confirms aluminum extrusions AD/CVD investigations against 15 countries.
For more details, please see HARBOR’s full “Alert! – US Extrusions.”
5. ALERT! – BRAZIL ALUMINUM. STILL FALLING: Brazil’s P1020 and billet premium decline continues.
6. ALERT! – US ROLLING MILL. DEMAND TROUBLES: Novelis to close Clayton NJ facility amid demand contraction.
For more details, please subscribe to HARBOR’s specialized “Aluminum Rolled Products Intelligence” Report.
7. ALERT! – US A380.1. BEARISH UNCERTAINTY: A380 prices moving sideways, demand disruptions emerging.
For more details, subscribe to HARBOR’s specialized “US and Mexico Aluminum Scrap Intelligence” report.
8. LME Cash-3M contango yield less than… %, uneconomic for cash-and-carry deals (bearish premiums).