LME price bounces toward $… per mton; US/Canada billet upcharge at low single-digits

 

1. LME Cash aluminum price up from 33-month lows, after having virtually reached HARBOR’s $… per mton target zone.

2. China’s aluminum price holds near three-month lows.

3. ALERT! – US BILLET. MORE BEARISH THAN OBVIOUS: Canadian 2024 billet upcharge fall to as low as… cent/lb on a duty-paid basis.

4. ALERT! – EUROPE WIRE ROD. GAPS DOWN: EU’s EC rod 2024 and spot premiums plummet to as low as €… per mton.

5. GREEN ALUMINUM MONITOR. SUPER GREEN FOIL: Chinese and Russian foil mills going after near-zero aluminum.

For more details, subscribe to HARBOR’s specialized “Green Aluminum Monitor” reports.

6. LME Cash-3M contango tightens as nearby shorts get squeezed ahead of December’s third Wednesday.

 

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