LME price falls to HARBOR’s target; European billet premiums at new lows

LME prices fall further to levels near HARBOR’s forecasted $… per mton level. A $…. per mton zone visit is not ruled out within the next two weeks.

China’s aluminum price hits new three-month lows.

ALERT! – US EXTRUSIONS. THREE-MONTH DELAY: Preliminary CVD duty decision on US imports of extrusions postponed.

ALERT! – US ZORBA. SHORTFALL: Unimproved supply lifts zorba prices.

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ALERT! – EUROPEAN BILLET. NEW LOW: $… PER MTON.

To see our full European Billet Market Intel and Premiums assessment, subscribe to HARBOR’s specialized “European Billet Intelligence” reports.

LME Cash-3M contango still wide amid growing metal availability.