LME price falls to five-week lows near $… per mton

1. LME prices fall further amid demand contraction and bearish technicals.

2. China’s aluminum price falls and reaches one-month lows.

3. ALERT! – EU SECONDARY SCRAP. ASIA CONSUMERS IN EUROPE: Asian consumers continue pressuring up Europe’s secondary market.

For more details, subscribe to HARBOR’s specialized “Europe Scrap Intelligence” reports.

4. ALERT! – MEXICO SCRAP. SCRAP MORE EXPENSIVE THAN P1020: Mexico’s cable scrap and 356 wheels trading above P1020.

For more details, subscribe to HARBOR’s specialized “US and Mexico Aluminum Scrap Intelligence” report.

5. LME Cash-3M contango widens from three-week lows as conditions ease after April.