1. LME prices in tight range trading after correcting down 8% in the prior two weeks, trading volumes declines amid end-of-year.
2. China’s aluminum price retreats toward recent five-week lows.
3. ALERT! – CHINA SCRAP. MEGA RECYCLING PROJECT COMING. Another 800k mtpy recycling expansion announced in China
4. ALERT! – GREEN ALUMINUM. SUPER GREEN CANS: 100% recycled aluminum cans gain momentum in Japan.
For more details, please subscribe to HARBOR’s specialized “Green Aluminum Monitor Report.”
5. ALERT! – EUROPEAN P1020. YEAR-END SUPPORT: European P1020 duty-paid premiums up after six months of declines.
6. RERUN: ALERT! – US & MEXICO COMMON ALLOY. DEMAND CORRECTION IN Q4. Common Alloy coil demand in US/Mex plummets.
For more details, please subscribe to HARBOR’s specialized Aluminum Rolled Products Intelligence Report.
7. LME Cash–3M contango remains below $… per mton, still not attractive for financing deals.