1. LME price rises from previous three-week lows; short-term technicals remain bearish.
LME Cash aluminum prices closed today’s session up 1.5% or $34 per mton, at…
2. China’s aluminum price stuck below technical resistance zone.
SHFE front-month aluminum prices ended the session up 0.5% at…
3. ALERT! – US PFA. WEAKENING DEMAND: US auto struggles do not bode well for PFA needs ahead.
Underlying auto market demand keeps weakening, a split 2025 supply PFA landscape is anticipated to become more apparent.
4. ALERT! – NEW US REMELTER. MORE US REMELT CAPACITY COMING: Tri-Arrows & TAP partner to build a re-melter in Kentucky.
For more details, subscribe to HARBOR’s specialized “US and Mexico Aluminum Scrap Intelligence” report.
5. ALERT! – GREEN BILLET & SCRAP. NEW SCRAP PROCESSING PLANT IN HUNGARY: Hydro opens a 90k mtpy recycling plant in Székesfehérvár.
For more details, please subscribe to HARBOR’s specialized “Green Aluminum Monitor” reports.
6. ALERT! – EUROPE SCRAP. CRUNCHING MARGINS: Europe D226 prices fall further, secondary scrap prices rise.
For more details, subscribe to HARBOR’s specialized “Europe Scrap Intelligence” reports.
7. ALERT! – CANSHEET BRAZIL. NEW MILL COMING TO BRAZIL? Offshore players looking at new cansheet mill.
For more details, please subscribe to HARBOR’s specialized “ Aluminum Rolled Products Intelligence” Report.
8. LME Cash–3M contango continues tightening as the October backwardation returns to double digits (bearish premiums).
The Cash-3M contango tightened marginally to $19.16 per mton…