Deep world coil demand contraction; LME price down to short-term support zone

 
ALERT & ANALYSIS – WORLD ROLLING MILL.

1. ALERT & ANALYSIS – WORLD ROLLING MILL. DEEP COIL DEMAND CONTRACTION: Beverage and B&C demand continue to lead the demand contraction for FRP around the world.

For more details, please subscribe to HARBOR’s specialized “Aluminum Rolled Products Intelligence” Report.

2. LME price falls to new three-week lows as Chinese demand continues to disappoint.

3. SHFE aluminum prices rebound toward their technical resistance zone.

4. UPDATE! – WORLD SMELTING PRODUCTION COST. UNCHANGED: World aluminum smelting costs hold near two-year lows.

For more details on world aluminum smelting cost trends and figures, subscribe to HARBOR’s “Aluminum Smelting Cost” report.

5. LME Cash-3M contango remains near the widest in fifteen years amid ample and growing metal availability, supportive of inventory financing deals.

 

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