ALERT! – EUROPE PFA.
LME price down to five-week lows; European spot PFA premiums fall further
1. LME price slides to fresh one-month lows amid further demand outlook deterioration and bearish technical indicators.
2. China’s aluminum price continues to test the six-week low zone.
3. ALERT! – EUROPE PFA. FURTHER DOWN: European spot PFA premiums reach $… per mton, more downside seen.
4. RERUN: ALERT! – US MW PREMIUM – from HARBOR’s Pricing Unit. DEEP DISCOUNTS: MW premium as low as… cent/lb.
For more details, please see HARBOR’s “Alert! – US MW Premium” released on Friday.
5. SPECIAL ALERT! – 2024 US BILLET. 2024 DOWN TO SINGLE DIGITS: Concluded 2024 US annual billet contractual premiums decline to single digits.
FULL REPORT & LATEST UPDATES ONLY FOR SUBSCRIBERS OF NORTH AMERICA’S EXTRUSION & BILLET OUTLOOK 2024 (For a Successful 2024 Billet Purchasing and/or Sales Program). For more information, please reach out to veronica.medina@askharbor.com
6. UPDATE! – WORLD SMELTING PRODUCTION COST. DOWNTREND RESUMES: World aluminum production costs at new two-year lows.
For more details on world aluminum smelting cost trends and figures, subscribe to HARBOR’s “Aluminum Smelting Cost” report.
7. ALERT! – US TWITCH. RESILIENT: Twitch trades up as scrap supply overshadows strike.
For more details, subscribe to HARBOR’s specialized “US and Mexico Aluminum Scrap Intelligence” report.
8. ALERT! – MEXICO PRIMARY SCRAP. SLIGHTLY UP: 6061 scrap, painted extrusions, and prime replacement prices inch higher.
For more details, subscribe to HARBOR’s specialized “US and Mexico Aluminum Scrap Intelligence” report.
9. LME Cash-3M contango widens to one-week high but remains too tight for cash-and-carry deals (bearish premiums).